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To: Sunny Jim who wrote (79023)5/12/2008 7:42:36 PM
From: Jim McMannis  Respond to of 116555
 
RE:"As I see it, how can the drop in real estate prices be called deflation any more than when nobody called the rise in real estate prices inflation?"

Ta da!
Bingo!
All that jazz.
Assets are off the books.
Money borrowed out of your home is not income or wages or...
Heck they let you sell with no cap gains tax on up to $500k.
You're right.