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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (3620)	7/26/2002 7:40:18 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

re: credit cards This a.m. on CNBC, there was a fellow who said "champagne corks are probably popping in offices" now that legislation is on the way to prevent people from declaring BK to avoid credit card debt. It so happens that a personal friend of mine is CEO of one of those huge credit card companies the bears love to hate. I happily imagined him popping a champagne cork this morning. And on the off-topic subject of Sub Zero fridges....mine purchased about 10 years ago has required about $100 of repairs EVERY SINGLE YEAR since we've owned it. During the repairman's last visit a few weeks ago, I told him I was considering junking the thing and buying a GE or something, but he assured me he could continue to fix whatever goes wrong with it, for many years. Because I have a good sense of humor, I'm going to bear with this. <gg??

To: GraceZ who wrote (3620)	7/26/2002 7:47:53 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Credit card mentality has been extended to Home Equity loans. I'm sure it amazes us all that the entire increase in residential real estate value in the US since 1990 has been borrowed away with home equity debt. This has never occurred before in any other period of history. It all just leaves me with a bad feeling about how it ends. Maybe I just need some Prozac and lemonade, join the crowd and run down my savings.