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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Zoltan! who wrote (8472)11/4/1999 12:48:00 PM
From: MulhollandDrive  Respond to of 769670
 
No, I just don't buy it.

Maybe where you live. But the "average" middle income worker in that age group has most of their financial net worth tied up in their homes. And they're usually older homes (read money pit). I do think many of them would be better off to sell their homes (assuming the sufficient appreciation and held free & clear, which is also not always the case) and rent. But that is really a tough sell with the elderly. They cling to their homes because often their children have moved away and remaining in the home is the only sense of security they have.

bp



To: Zoltan! who wrote (8472)11/4/1999 6:26:00 PM
From: truedog  Respond to of 769670
 
to: Zoltan
from: truedog

Zoltan, and how rich do you think those husbands were? None of them cashed in on the technology boom, or the sudden burst of strength in the stock market. Most of them worked for wages below what a floor sweeper makes in Silicon Valley today. Just where do you think this accumulation of assets could have come from? The tooth fairy? TD


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