Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (205051)	11/15/2002 1:13:55 PM
From: S. maltophilia	Respond to of 436258

I can't make sense of that either. Maybe it's true if you back out the worth of their residence but keep the mortgage debt. Regardless, even if the number is positive $173k, and liquid, they can invest in CD's and eat dogfood at retirement.

To: ild who wrote (205051)	11/15/2002 1:17:19 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 436258

I speculate that the assumption is credit card debt, car debt and mortgages including second mortgage, assuming that houses are 20% overvalued as is the stock market, with slim prospects to get a new job when fired to pay down the debts At least it makes sense to me.