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 (47531)	1/21/2006 12:32:41 AM
From: GraceZ	Read Replies (2) of 306849

People calculate what future wealth will cost them in the present, how much time they need to spend in school to get a better job, how many years they'll take to pay off student loans, how much time they'll end up working to pay for a car or a house or their child's education. They trade off present consumption to accumulate wealth. They don't always come out ahead but most do unless they do something illegal or engage in speculation or gambling to get money. Criminals almost never accurately calculate the true cost up front, if they did the chump change jobs they sneer at would look far better. Gamblers and speculators don't accurately calculate probability so they too have a negative expected return over time. The guy who spends less than he makes and invests the balance conservatively for all his working years dies ahead.

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