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

To: sea_urchin who wrote (14548)	6/25/2002 10:31:45 AM
From: ild	Read Replies (1) \| Respond to of 82314

I usually use isbn.nu to check prices on a book. In most cases half.ebay.com has the lowest price. Caveat: isbn.nu doesn't check used prices on Amazon.

To: sea_urchin who wrote (14548)	6/26/2002 12:38:58 AM
From: ubetcha	Read Replies (2) \| Respond to of 82314

Searle, Thanks to you and ild, I have placed an order. Will still have to wait for confirmation. I did not really have a problem, it was just that Abebooks were out of stock. Thanks for your help. Guess I got everyone started with my Real Estate Bubble comment. Two true life stories. I bought a house in Chicago in 1980. The cheapest house in the multi-listing was a small 2 bedroom for $76,000. I ended up buying a house for $112,000. Yes I know that that is more than the $40,000 ones today. Interest rates were 18%. I could not afford the payments. I got a "magic" loan at 12%. The only problem was that later when interest rates came down, I now owed $130,000 for the house. That is called negative amortization. Luckily I was able to stay in the home long enough to sell it for more than I had in it. I had a friend in Oklahoma that bought a house for $60,000 prior to interest rates going up. The only difference was that when he went to sell it, it was only worth $40,000, and he now owed close to $70,000 for the house. Since interest rates went up the house was worth less, and he had second mortgaged the house for fixing it up. He had to default, and let the mortgage Company take it back. Could these situations happen again? Well of course not. There is no inflation and so interest rates will remain low for years to come. Growth will continue forever. Everything is in great shape, and we are now in a new and BETTER economy. Debt is gone, and if you get in trouble, the feds will always bail you out. Believe all that, and I have some wetlands to sell you. There are few people out there like Doug AK that like living within their means. It is ever so much fun to spend all that you make, mortgage everything at 100% or better, and pay for it all as you make more money in the future. If this keeps up, gold might even go up. Currently up $4.20. That is what it went down today. Will see if Alan's troops can take that hill one more time. Terry