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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (174815)	1/2/2009 2:13:55 PM
From: Think4Yourself	Respond to of 306849

Under 40 will still remember the 80's, and under 50 should remember the toxic atmosphere of the 70's, even if they weren't financially involved. My father still talks of the 70's, when stocks did absolutely nothing for years. I remember "Spaghetti day" every week, and we almost never ate out during those years. Had to carry a bag lunch to school every day, and it was almost always PB&J or bologna. Remember him working 50+ hours every week so that we wouldn't actually have to suffer. Those weren't particularly happy times and he actually had a good job. It could have been much worse for us. Now I look at kids under 10 getting laptops for christmas, and $100+ video games. Are they, and their parents, ever in for a surprise! I am hoping this won't be worse than the 70's, but common sense suggests it will be closer to the early 30's.