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

To: GraceZ who wrote (24563)	10/16/2004 2:35:39 PM
From: The Wharf	Read Replies (1) \| Respond to of 306849

The amounts that people put back into their houses in improvements and additions is around 30% higher than what they have collectively pulled out. Equity as a total hasn't shrunk, it rose 6.1% between 2002-2003 alone for a sum total of 8.4 trillion dollars of RE equity in single family residences in the US. >> It is a very frightening figure Grace when you think of apples in one basket and possible decrease of the price of the basket. usatoday.com A USA TODAY analysis found that the nation's hidden debt — Americans' obligation today as taxpayers — is more than five times the $9.5 trillion they owe on mortgages, car loans, credit cards and other personal debt.

To: GraceZ who wrote (24563)	10/17/2004 12:32:04 PM
From: TH	Respond to of 306849

Grace, I find your posts to be of tremendous value. Your knowledge on a wide range of financial topics is impressive. Even more important is that you offer some balance and continually force me to reexamine my bearish stance. Still, I think we are broke, the dollar is doomed, the standard of living for the average American is going to decline, and trillions of dollars of Greenspan "wealth" are going to evaporate over the next five years. I hope to be proven wrong, and if that is the case, your perspective may force me to revise my bet and allow me to preserve much of my capital. Thanks TH