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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GraceZ who wrote (47206)	12/13/2005 1:47:00 PM
From: mishedlo	Read Replies (1) of 110194

I say the guy in Texas with the house that went nowhere and now has lower debt and lower debt service is better off than someone in a bubble area who rolled from a 200k house into a 600k house (that isn't much better than the 200k house was) doubling their debt. The whole basis of economics is that you can not get something for nothing. Inflation is just an attempt to do just that and it never works. Oh it may appear to benefit this group over that group for a while but in the end it extracts the true cost from everyone. Once again I agree. However the person that rode the bubble up in CA and cashed out, moving to Danville (and living like a king), or Houston or simply moved in with Patron did the best. But for every person that cashed out there was someone else buying the peak of the peak.Obviously not everyone can cash out. In fact I doubt that more than 10% could even do so. Mish

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