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To: Skeeter Bug who wrote (96321)4/19/2001 2:08:45 PM
From: edamo  Read Replies (1) | Respond to of 436258
 
skeeter..."flawed analysis and similar age groups"

you've answered your own question....it is up to every new generation to build upon what prior generations have given them....the only way to build and prosper is to limit negative thinking, for nothing positive or creative is born in negativity....

no different then in 1973...$76k was a whole lot of money for me back then to buy a house...considering i lost $33k, trading options in a market that had no secondary clearing house, you bought/sold, they were yours....

if i thought the next five years would be worse, then i wouldn't have bought...but i was optimistic and more so realistic and took the risk....my philosophy is better to risk and have something, then never to have anything....

this is what the new generations fail to realize, too much taken for granted, no sacrifice...but those who rise above and do gain success, do so in the same manner, realism, optimism, and confidence in one's abilities...

kinda basic, maybe just us ignorant guys grasp it....you know "can't see the forest for the trees"....and if you see gloom and doom, you're going to miss the bright spots...



To: Skeeter Bug who wrote (96321)4/19/2001 9:10:36 PM
From: Mark Adams  Read Replies (1) | Respond to of 436258
 
care to guess what an urban home cost as a % of income in 1973. how about now? it is waaaaaaaay up.

Which, when combined with record high ownership of late, could justify a decline in the home equity percentage and the alledged higher debt to disposable income. The latter, I'm still waiting, to find out how is calculated- ie is mortgage debt included?