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

To: MSI who wrote (4605)	8/21/2002 4:48:44 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

Our growing social-capital deficit Oh no, another deficit to worry about. Mine was the first generation to grow up with TV. Oddly enough there was almost ten-fifteen years there where I didn't watch it at all because I was in college and didn't have time. Then when I got out I wasn't interested in it. I graduated in the middle of a recession and double digit inflation. There were no jobs waiting for us. I spent my time doing dead beat work, trying to be an artist, having dinner with friends, collaborating on public community projects and going to the bar where most of my young single friends hung out (we had a fri night bowling group as well). It was a time of great involvement in the community, but it also was a time of significant rise in alcoholism and drug abuse. Once that ran its course, people got better jobs, made a lot of money, bought homes, had kids and basically stopped spending very much time with each other unless it was work related. I can time it to almost the exact moment when I realized that just about everyone I knew started making money, got a mortgage to pay and car payments to make. Debt is the monkey on your back, its a form of indentured servitude.