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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (33984)6/6/2005 1:49:15 AM
From: John Vosilla  Respond to of 110194
 
I personally have several much older relatives still alive in their 70's and older sitting on a ton of free and clear property in bubble markets. A very different mindset from way too many in the boomer and younger set



To: benwood who wrote (33984)6/6/2005 9:06:52 AM
From: loantech  Respond to of 110194
 
I believe that a much smaller percentage of their kids will inherit homes (free and clear) as these same people are burning through the equity>

My daughter will and it will have a clause put on title no private liens of record will be able to be recorded. I work in the business and have seen too many kids get the home f&c and then borrow the heck against the equity.
Tom


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