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| campus, donna powers, randy quaid, phrases, auctions, sony pictures, punknews, swear words, television, timothy mcsweeney's, kevin duhaney, clever, movie, journal, | "Illegitimi Non Carborundum" dha [ ...reply just to this | comment on the story... | next new ] 64. Re: It's just a correction. by xornand at Wed 31 Aug 2:15pmscore of 1.5 interesting dha in reply to comment 25 "average Joes" will never get rich off of their home price inflation Of course not. But as you point out, some take money dha out of their inflated equity. This makes them feel better off, and their spending helps the economy. I keep thinking there'll be a reckoning, for the consumers, for the gov't., for everyone. For some reason everything keeps humming along. Everyone is in denial about something. [ ...reply just to this | comment on the story... | next new ] 14. being a non by AFROSEXOLOGIST at Wed 31 Aug 9:20amscore of 1 Poverty rates were unchanged for blacks (24.7 percent) and Hispanics (21.9 percent) from 2003. The main increase was for non-Hispanic whites which experienced an increase to 8.6 |
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| MAYORBOB at Wed 31 Aug 10:38amscore of 2.5 interesting in reply to comment 23 I journal would contend that "average Joes" will journal never get rich off of their home price inflation. That's because, while their home might double in value over time, until the home owner is selling the house, that part of his net worth is not terribly liquid. He or she might take out a home equity loan to get some of that money out of the house, but then they're stuck paying that journal money back over time, plus the interest. Even if the average Joe waits until he's ready to sell the house, he's still got to go live somewhere else. If he's buying a replacement house, that home has increased in price right along with average Joe's house in most cases. If he's going into a rental, rents have increased over time also. And if he's going to some retirement community, he's probably looking at surrendering his net assets just to cover the costs of entering the community. |
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