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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (4059)	4/10/2004 9:33:26 AM
From: Tommaso	Read Replies (1) \| Respond to of 116555

Notice the "if" at the beginning of my sentence. I would not be a home-buyer myself at these prices, and get myself locked into such a huge mortgage. But if the United States government continues its course of total financial irresponsibility, anyone who has got hold of a house will come out ahead of those who did not. So what would I do? I think I would rent an apartment and put all my savings into a commodity fund like PCRDX, and wait for better prices. I might be making a mistake, but not as big a mistake as if I found myself with a $400,000 mortgage on a house that would sell for $250,000.