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

To: ubetcha who wrote (14540)	6/24/2002 11:07:28 PM
From: long-gone	Read Replies (1) \| Respond to of 80965

What I'm telling you is that not every working man bought, while some owe much to much, many owe little and not all of housing is broadly inflated.. Yes, Greenspan is screwed, but not all are screwed with him. There are, out there, $40k homes, on which people owe only $5k and their jobs, for the rest of their days, are right there, driving distance from that door. Now all of Main Street bought into the Wall Street lies.

To: ubetcha who wrote (14540)	6/25/2002 12:31:00 AM
From: d:oug	Respond to of 80965

Terry, . Its complete speculation on my part, but i think long-gone thinks a lot like i do, especially when it comes to money. . Infact, the type of thinking i engage myself in allows very little sympathy or compassion to anyone who does not practice very good financial house-keeping, actually to a point that i have to remind myself that all folks are not equal as showned by for a simple example, highschool grades, where there is a difference in score tests among those who tried hard and studied to the best of their ability. I'am babbling... so i'am both confused and not when some people i know who are on the better side of the iq bell curve will put up for sale a decent house that they obtain a good living existance in so that they can buy a house in that location location location where the same identical nuts and bolts of home living changes not, but may have a better school or a "better" something else, causing a double in price for house. Or they actually buy a house 2 or 3 steps/levels beyond their present paychecks "because they can w/ easy money." Both cases they tell me that homes have always been the best and safest and etc etc investments in all mankind. But as you keep on telling longone, and here is where both he and i may have fallen into that trap of treating anyone who does not do as we do money-wise, that those who home investments look good on paper long term have a short term trap that can destroy their investment, that being as you and yes even i and longone knows fully well, that these "extra" home investments require a continuation of good paying jobs and economies that allowed them to switch "up" to a better home, or that finance you mentioned above worth of home. So yes as long as good times continue, good or great, but unlike their prior situation where they had more savings and less monthly payments, a down turn in economy(their job) they could weather for months or years, but now nope as very quickly as you say, the banks are now in strong control, and y'up they will be nasty. Maybe its a combination that longone does not realize the scope depth etc of how many folks can go from a nice good living to collapse. Either way i share with longone zero tears for a flood of other's tears when they over extended their money flow and security, and that causes me to disregard them, yes, but yes there may be more of them than i think, and if so then their problems may be big enough so that they are pushed onto me. d:oug