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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Asqrd who wrote (87228)	12/19/2000 6:50:24 PM
From: Skeeter Bug	Respond to of 132070

asqrd, you dah man, bruddah. congrats on the free and clear house. i think money stuck in a coffee can will dramatically outperform most stock investments over the medium term (1-5 years).

To: Asqrd who wrote (87228)	12/19/2000 8:10:14 PM
From: Tommaso	Respond to of 132070

Debt-free is good any time. Especially in despressions but, strangely enough, also during inflations. A very few people leverage things successfully. During inflation there is a shortgage of real capital--and also interest rates go sky-high. If real estate prices actually decline, and 7% mortgage rates persist for a short time, a younger family would be well advised to buy a house. Not in California. But they could put in bids 25% below asking prices in more reasonable markets and wait. But most of us are better off not owing anything.

To: Asqrd who wrote (87228)	12/19/2000 9:45:42 PM
From: Cogito	Respond to of 132070

>>A hearty AMEN to how good it feels to be debt free!! During the run-up in stocks this spring, I sold enough of one of my high fliers to pay off my house mortgage. While most experts would say that I was foolish to give up the low cost debt, the knowledge that all I owe is a debt of love and gratitude to God is very special.<< AA - Actually, I do have a mortgage, as well as a car loan. I believe there's a significant difference between secured and unsecured debts. There's a big difference in the interest rates, anyway! I guess that would feel pretty good, though, owning a house free and clear. I congratulate you. - Allen