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To: sea_biscuit who wrote (50503)5/3/2006 8:23:04 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 116555
 
No....I think we're better with the clowns who chased housing prices over the last 5 years with their tits in a wringer, and allow markets to clear for once. Some times bubbles need to burst, if they smell like a fart in a jacuzzi when they do, so be it.....



To: sea_biscuit who wrote (50503)5/3/2006 9:34:58 PM
From: Think4Yourself  Respond to of 116555
 
re: Don't you think he (and we) are in fact better off with gold at a thou and crude at c-note levels?"

Absolutely not! What about people who don't own homes, like teenagers. The American dream of homeownership is SO out of their reach that it's ridiculous.

Those HELOCs shutting down will be one of the best long term side effects of high interest rates.


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