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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Perspective who wrote (207852)6/22/2009 8:57:07 PM
From: Think4YourselfRead Replies (2) of 306849
 
"virtually every one of them has trumpeted how much debt they've paid down."

That doesn't make sense to me. Why pay down debt when you can borrow at some of the lowest rates that will be available for many years? If I were a CFO I would be borrowing at current rates and calling in old high interest debt instruments with the proceeds. Even better, buy them on the open market if it's trading cheaper.
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