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

To: Merritt who wrote (45061)	1/30/1999 3:29:00 PM
From: Bonnie Bear	Respond to of 132070

Hey..I just came up with another great number... There's 100m "households" in the US for 260m people 70% own houses...70m residences, average value $150,000 or so and the mortgaged value (at $120K) of 70m residences is 8.2 T But wait, that's the same amount as the national debt! All the govt has to do is keep us at a rate of housing inflation that keeps us refinancing our mortgages to keep the ponzi scheme alive indefinitely. No wonder they took housing out of the CPI.

To: Merritt who wrote (45061)	1/30/1999 4:00:00 PM
From: Bonnie Bear	Respond to of 132070

Even more great numbers... Just how big is this bubble???? assuming there's 6B people on the planet with an average GDP or income of $12,000...assuming a disposable income utilitization of 25% housing, 10% medical, 15% food, 10% transportation, 10% entertainment, 15% personal care, and 15% for miscellaneous other...assuming every man woman and child on the planet were hooked up and spending 10% on tele-net-box stuff, it's worth 7.2 T if it were pure profit.