The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (37560)	8/11/2005 11:12:48 AM
From: redfish	Read Replies (2) of 306849

There has been a huge change since I was a young whippersnapper in how people deal with money. Used to be people were mostly concerned with "saving" while today the idea of having money in a simple interest-bearing account is abhorrent to people, you have to put it to work for you either buying risky stocks or speculating on risky real estate. Of course Greenspan is partly responsible for that as there is no safe way to get a decent interest rate. People not only don't save but they risk money they don't even have and will never have. Money for nothing and your chicks for free. My depression-era parents have even changed their thinking, when they sold all their real estate they asked me what they should do with the cash ... I said it might be a good idea to let it sit a while in short-term paper but they didn't buy that, put half of it in the market.

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