tag:blogger.com,1999:blog-13164186.post112942360404705733..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: WashingtonPost: 'Most Owners Treat Debt Responsibly, Survey Shows'Davidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-13164186.post-1129509258847755742005-10-16T20:34:00.000-04:002005-10-16T20:34:00.000-04:00That Post article is typical of the crud that the ...That Post article is typical of the crud that the media spews during a bubble. I remember that type of thing during the stock bubble seven years ago too.<BR/><BR/>First off, the tone of the article is that it is rebutting the *conventional wisdom* that people are using their homes as piggy banks, etc. That is NOT the conventional wisdom. If I just read the Post, I might have never even heard that idea.<BR/><BR/>Second, the results are not reported by age. This is critical. Of course many older homeowners have very little debt left. And when the author did report results by geography (mentioned for California), the results were quite different. <BR/><BR/>Third, just because someone has a "plan" or an "expectation" of paying off their debt in a time limit, does not mean that plan is remotely realistic or feasible. <BR/><BR/>This kind of article makes me so grateful for the internet. I remember the pre-internet stone age when this kind of thing was all you could get. You knew it was wrong somehow, but you didn't know anyone else who agreed with you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1129465999428026192005-10-16T08:33:00.000-04:002005-10-16T08:33:00.000-04:00"You are not a doom and gloomer- but a realist"Wel..."You are not a doom and gloomer- but a realist"<BR/><BR/>Well said Skytrekker. After reading my blog, one of my new friends in the neighborhood asked me "Are you a world is ending type of guy? Were you stockpiling food for Y2K?" <BR/><BR/>No, I am not a world is ending type of person. No, I did not stockpile food for Y2K. Although at that time I thought there would be more problems involving computer systems.Davidhttps://www.blogger.com/profile/11169148764438565562noreply@blogger.com