> RoMunn wrote: > My aunt and uncle just won a big race in Maryland. We're all celebrating. > Ya! >
Well I'm glad. And, frankly the reason I care that you understand this is not just about mortgages is because you're going to need to understand that if you're going to make the right decisions going forward - especially with your wife in RE biz. So to complete the analogy - saying this is all houses is like saying that your aunt and uncle have a gambling problem so if you just pay off their debts at the horse track you'll be all set. You won't. Because it's not the horses, it's the betting and the controls on the betting. So will paying off the track be a great start? Sure. But are horses the definition of the problem? No. Because then you've got to worry about the casinos, the dog track, and every other place the bets were made. But if that super-awesome analogy doesn't convince you then watch the news: Because if you're right, we'll clean up this house problem and go back to the same system we had before. If I'm right, this is a systemic failure and houses are one of many symptoms. And the system that rises from the ashes will look nothing like the system in 2008. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:289466 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
