Quote:
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Originally Posted by pgardn
I had it beat into me not to think of a house
as an investment way back in the Savings and Loan
crisis.
A house is a place to live.
Much better than an apartment in
that you will get something back if
you can pay for it.
People taking other loans against houses
that were way overvalued have learned
a very hard lesson.
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Have they? If they get a mortgage bailout, I'm afraid they won't. Sometimes the only thing that forces people to live within their means is when they no longer have any means. I had the same thing beat into me.
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"After a shooting spree, they always want to take the guns away from the people who didn't do it. I sure as hell wouldn't want to live in a society where the only people allowed guns are the police and the military."...William S. Burroughs
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