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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (14498)	6/23/2002 12:33:56 PM
From: Ahda	Read Replies (1) \| Respond to of 80950

You have to consider that where there the job market is the greatest is where people move to. Ca is the fifth largest economy in the world now and some how it became way to inflated in value.

To: long-gone who wrote (14498)	6/24/2002 1:10:34 AM
From: ubetcha	Read Replies (2) \| Respond to of 80950

long-gone, What part of it do you disagree with? "The American people are running out of money." This is a fact. Americans currently have a negative savings rate. You have to go to Japan to find citizens that are saving for the future. "The only bubble left is the price of homes." A bubble does not mean that you cannot find some bargins. House prices are still going UP! That does not mean that there are not some that are still fairly priced, or priced in a range that is affordable. What happens if you buy that good home in a good neighborhood for $60K. Then you finance it for $75K because you can, and this allows you to consolidate all your debt under one payment. Then the market takes the price of the home down to $30K, your wife loses her job, taxes and insurance go up due to fires in the area, and you find that you can not make the payments. You did not have any savings for such a contingency. Did you get a bargin, or did you buy that last tech stock at a PE of 400/1 thinking that it would always go up? With the markets going down, our savings have crashed. The only source of money left to us is our house. Go to ditech.com or lendingtree.com, and be all that you can be. Terry