Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (92942)	7/27/2012 1:10:15 AM
From: TobagoJack	Read Replies (5) \| Respond to of 217549

Home is consumption, not equity, unless one is prepared to sharply downgrade one's primary abode and move to the other side of the railway tracks. To treat the primary residence as equity / ATM is unwise. Most of Europe is not splashed w/ housing bubble, and homes are inexpensive except for where 'foreigners' aggregate (London, Paris, coast of Spain, etc, but certainly not Berlin) Most of america also absent a housing bubble. Housing relative to income is cheap in USA. But too many borrowed against that housing, and enough built a derivative superstructure on otherwise cheap housing where the buyers put nothing down and w/o recourse, then the politicians built an empire and large civil master class around same stock of housing and on the tax serfs w/i the housing. The equity cult (absent in most of world) in America is deadly when combined w/ housing ATM motif. Above is my guess and a working theory.