Comments on America's Consumer is Running out of Money

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I like Your Depth

Great Post,

You should probably move it over to the "Opinions" category like I moved mine. There's more traffic over there.

posted by writersjourney on January 10, 2006 at 4:32 PM | link to this | reply

I agree with much of what you have to say.  I have watched many of my friends refinance (some several times) over the past five years.  I have also watched as some of them have purchased homes priced close to 1 million dollars. (That is in a suburb where I purchased my first home in 1988 for $105,000)  I suspect these people are living paycheck to paycheck.  Again, it's about balance, moderation and using common sense, which mand Americans seem to be in short supply.  Great post.

Zoe

posted by Zoe_BooBoo on January 9, 2006 at 10:04 PM | link to this | reply