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

To: Suma who wrote (25682)	12/8/2004 4:48:23 PM
From: Micawber	Read Replies (3) \| Respond to of 306849

I don't know what your point is. That everyone should live completely debt free? If there was no debt, there would be no residential real estate market to discuss here. Real estate markets are built upon debt. In Europe and the US, it has been that way for hundreds and hundreds of years. I have real estate debt. I sleep like a baby.

To: Suma who wrote (25682)	12/8/2004 8:28:40 PM
From: Amy J	Read Replies (1) \| Respond to of 306849

RE: "This deficit spending by our government drives me crazy.." Me too. On a different note, I grew up in an area where people saved up to buy their homes. If people did take out a loan, it was only for 15 years, not like today's 30 years. And it certainly wasn't as large as what people's mortgages are today as a % of their incomes. Most did what Elroy said, they added when times were good, one step at a time. They never lived on borrowed time like people do today. If one spouse died, the other spouse kept living in the same house. They didn't have to move into the poor house, like many people do today after a spouse dies. Back then, financial planning meant not over-extending yourself. Does anyone remember back when high debt was considered bad and a lack of good judgment? Regards, Amy J