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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (28901)	6/9/1998 9:25:00 PM
From: Skeeter Bug	Respond to of 132070

mike, in california they offer 125% equity loans. hey, i paid 5% down and got a 7%, 30 year fixed loan, $900 in fees excluding escrow and title. money is cheap.

To: Mike M2 who wrote (28901)	6/10/1998 10:31:00 AM
From: geewiz	Read Replies (1) \| Respond to of 132070

Mike, thanks for the thorough explaination of the Austrian school. I have seen this theory of asset inflation discussed on SI. The most unfortunate outcome would be for the maladjustment to revert to the oppsite extreme; in that vein it is hard to understand Bob Rubins' reassurance of the soundness of the economy every time a correction starts. Wonder what Alan will have to say..... best,art