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


To: GraceZ who wrote (28926)3/30/2005 11:34:57 PM
From: John VosillaRead Replies (2) | Respond to of 306849
 
That is kind of crazy for people to have their entire net worth of perhaps $600k or a million tied up their house with little in any cash equivalent assets. I heard today that only 7% of boomers have $150K available cash for retirement which is pretty astounding considering the way so many borrow and spend as if they'll have unlimited resources for ever and ever (like our gov't).