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south louisiana

05/05/05 11:25 PM

#388940 RE: federal reserves #388939

If you believe that is what the reverse mortgage prepared by the lenders counsel says, you are delusional.
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orion.colorado

05/06/05 1:02 AM

#388944 RE: federal reserves #388939

I hadn't looked at it like that. Kind of like buying a annuitized put to lock in the top--nice work. Maybe I will get a fake ID in order to sign up for AARP.

CO
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porter

05/06/05 1:17 AM

#388946 RE: federal reserves #388939

I sold all my real estate last year. Also all my bonds.
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FR--

You have the strength of your convictions. I differ from your views in that I believe an imminent crash is unlikely. The end goal of a SUCCESSFUL parasite(a credit card)is NOT to kill it's host(the public) but to feed off of it. I see this Bear lingering for a good decade and longer, culminating in a deflationary environment.
I recently read that reverse mortages are starting to grow in numbers. No surprise there for those concerned with the Bubble.

Regards
--P