Completely agree, PDX
Negative savings rate
Started by
MangeMan
, Dec 22 2006 02:24 PM
11 replies to this topic
#11
esther231
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- TT Member+
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Posted 22 December 2006 - 06:48 PM
When I see an adult on a bicycle, I no longer despair for the future of the human race. ~H.G. Wells
#12
greenie
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Posted 22 December 2006 - 08:17 PM
JQ has touched on it alreadyt but basically the general public
has proved themselves smart by NOT putting money in savings
accounts which paid very meager rates, and instead they bought
a whole bunch of housing which appreciated nicely over the last
4 years.
The earlier buyer will be doing just fine, but those who joined the
party late could be in trouble.
General public proved themselves smart several times before, such as in 1999-2000 by buying stocks, and 2006 by buying oil companies. Nobody, who bought house in last 4 years, will do fine. All gains from 2001 will be reversed.
JMHO.
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
