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

To: Tommaso who wrote (48149)	12/24/2005 10:31:46 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 110194

i haven't had a mortgage in many years--paying it off was one of my first financial goals in my 20s. i always thought one should never carry credit card debt and pay off the mortgage as soon as possible. the current, apparently common, practice of conflating consumer revolving debt with a mortgage debt that is permanent for all intents and purposes strikes me as insane. the fact that Americans have turned to this practice in less than a single generation is bizarre. i would find it no less bizarre if cannibalism were a common culinary practice and recipes for roasted brain were hawked on television. given the insanity that has overtaken our country with regard to comfort with "permanently high" debt levels, it is no wonder that housing prices are sky high. by the same token, if cannibalism had taken over our country, curfews would be enforced after dark as a matter of course. "Soylent Green is people." "Location, location, location." it's all the same crap.