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

To: shades who wrote (51025)	1/23/2006 6:12:25 PM
From: GraceZ	Read Replies (2) \| Respond to of 110194

42% have no money down because lenders will loan them 100% and more. If the lender wouldn't lend them 100% then they'd be forced to buy a cheaper house (like I was when I bought my first house). If a lot of people were forced to buy a cheaper house than houses would be cheaper. but I read so many articles that peoples income aint what it used to be compared to necessities - in aggregate - from harvard folks who cherry pick data. Instead of believing them or me, why not do what I do and go to the original data and come to your own conclusion? how do those increasing poor move up through the quintiles and replicate your success? Everyone has a slightly different story. I collect people's stories since I work with individuals who are trying to get their financial houses in order. The only way is to live on less than you make and invest the difference. What you invest in matters less than that you invest. Investing could be in something as basic as training or additional education or in a small business, or it could be in financial investments. The important part is to open up a space between what you make and what you spend. I can live on almost nothing and be happy, so I've always re-invested back into improving my situation.