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

To: Elroy Jetson who wrote (27743)3/3/2005 6:39:22 PM
From: Wharf RatRespond to of 306849
 
"I live in California without a single dollar of debt. If I had more wealth than I do now I would travel more than I do, but I can't think of many other changes I would make."

I'll second your post, in it's entirety, although I would say debt to buy your residence, until you have what I call "my place, where they will sprinkle my ashes" paid off.
Last year, I put 10K in a 401-K and paid for a Hawaiian cruise with Baby Girl on a 40K paycheck. Overall California lifestyle may be deteriorating; I dunno; but not for the Rat.
Not since I moved to the boonies.



To: Elroy Jetson who wrote (27743)3/4/2005 11:57:27 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
It's a dramatically better lifestyle than when I was younger and with living with the "excitement" of leverage. None of the financial security I have achieved resulted from the debt I took on when younger. Debt is nowhere, a complete dead-end.

Debt is very good when you use it to acquire undervalued assets that generate significant cash flows that easily cover your debt service near the bottom of a cycle.


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