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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Valuepro who wrote (264169)7/26/2010 5:36:50 PM
From: Skeeter BugRead Replies (1) of 306849
 
>>While I don't fully buy what you are selling - I'm not quite there yet -, neither can I see that you are not going to be hurt if wrong. Good luck.<<

i'd appreciate a logical counter argument.

i truly seek the truth - and if that means changing my view i'd love to do it.

i refied from a mortgage with 7 years left to 30 years... expecting to make out when inflation hit.

then i heard this interview...

kingworldnews.com

and it dawned on me that my wealth could easily be stolen during the collapse felix references.

i then realized that return of capital was paramount - not return on capital.

google "argentina collapse video" and start watching at 13:00 into the video... the lady who lost her life's savings when citibank closed its subsidiary in argentina said, "i guess i'm just stupid" (for trusting the banks).

i don't want to be stupid. i'm minimizing risks when this whole house of cards falls apart.

this is when i decided to simply pay off my home and prepare for some very bad years - and hope the "insurance" isn't necessary.
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