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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: quehubo who wrote (232497)	12/24/2007 10:57:28 AM
From: John Carragher	Read Replies (2) \| Respond to of 794399

showing my age is an understatement. Having gone through 11 corporate relocations during the worse of times. like 1974, 1981, or moving out before a major corporation moves into your neighborhood and then forced to move back there six months later and the house you left costs 30% or more than you sold earlier with no gain in capital.. you relocated to a dead zone in upstate ny. and lucky to get out with your teeth. However, if housing is down most likely you will lose on selling but most likely you are moving to an area that also has lost similar value.. this makes it a wash but yes, i know it doesn't feel like it. there are always exceptions.. like moving out of florida or ca. but then as i remember in my old age many , many a relocation was refused as people couldn't take the hit unless the company picked up the loss. As for outstanding credit card balances , i have no idea if they are much higher now as % of income than a few years ago. There are always people who spend, borrow more and spend. of course there are a lot of quiet folks who do not engage in that nonsense and can afford to retire early. Merry Christmas.

To: quehubo who wrote (232497)	12/24/2007 11:47:56 AM
From: LindyBill	Read Replies (2) \| Respond to of 794399

I know of many people who make $75-100K a year and who used their homes as ATM's I bought my second home in 1964 for 23K and when it ballooned during the 70's I refinanced to put my wife though college so that she could become a teacher. As it continued to inflate, I used seconds to pay for various things, and ended up by the time of my divorce in 2001 owing a first only of about 170K on it. My ex sold it last year for 500K. As I look back, I certainly don't regret with I did.