The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: GraceZ who wrote (48740)	1/4/2006 8:20:56 PM
From: Fiscally Conservative	Read Replies (1) of 110194

"The idea that people have been taking money out of RE in the last five years is totally in conflict with the stats. They have more of their assets in RE than ever before both in percentage of household assets and in aggregate." Therein lies the rub. Most individuals,I know,who are starting out,buying for the first time have my sympathy. These 'homeowners'are carrying an average 350K in debt and taxes to boot. On average,the monthly nut is close to $3500.00 Many are my co workers. Both spouses are working their butts off to keep everything in check. The American dream. A very fragile web we weave.

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