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: ChanceIs who wrote (257417)	6/29/2010 7:16:20 PM
From: RetiredNow	Read Replies (1) of 306849

Bingo, Chancels. Evidently, us "small people" are just stupid and folks like Athreya are the geniuses that got us into this mess. But you know what? I paid off my house today and I have no debt whatsoever and enough to retire on. I have been responsible. If I lived like our government lives then I'd be in a world of hurt and out on the street instead of sitting comfortably in my house that is paid off. Economics is not hard. Spend less than you earn. Balance your checkbook. Put something away for a rainy day. If you borrow, make sure you have an appreciating asset or enterprise as collateral, and make sure you pay the loan back. Invest in your future through education and through staying healthy. I've lived my life using these simply principles and I've taught my kids to do the same. Maybe our government should go back to basics like that and ditch the pointy headed economists that have run our country off the cliff.

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