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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (245409)	8/8/2005 7:19:59 PM
From: Road Walker	Read Replies (2) \| Respond to of 1574056

re: Of course, that all depends on what your definition of "free money" is ... The definition of "free money" is "money which ruins the rest of your life". It's always a good time to be risk adverse; now is a particularly good time. By the time you realize that the bottom has fallen out of the real estate market, there will be 1000's of others that have already put their equivalent house on the market. Your house changes from a desirable home to "inventory". If prices drop below your purchase price, and you get transferred or there is some other change, you will be looking at making up the difference between your mortgage balance and the deflated selling price of your home. Unless you have significant savings, then you are looking at foreclosure and bankruptcy (under the new bankruptcy laws so conveniently passed by our Republican Congress, this will follow you for the rest of your life). This "profile" may not be you... but it fits a lot of people. And they will drag down the value of your asset. Do you want to be the guy that bought the NASDAQ in February 2000? The smart thing is to sell, take your profit, and rent, right now. Am I doing that? No, but I'm not that smart (and my mortgage is almost paid off and I have well over 100% appreciation in my property, and I love where I live). John