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Coffee Shop
Dow Jones breaks 30,000
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<blockquote data-quote="Mountaintown Creek Ranch" data-source="post: 1719900" data-attributes="member: 42313"><p>I am not a negative or doom and gloom type. But I think a correction is coming and not only at wall street.</p><p>IMO.</p><p>Best thing during these times is being debt free.</p><p>We have worked very hard for over 25 years to pay off our house. Think about the house market correction from deregulation years ago and what happened to prices. How many people walked away from their mortgage ?</p><p>I would be afraid to have mortgage right now because houses are being sold over twice what their worth and it will correct or at least it always has.</p><p>Car, truck, equipment prices are also a victim of this money printing era. It seems like whatever you take a loan for.... it's not worth what your paying....which is ok I guess if you're paying cash and don't mind being overcharged.</p><p>When house market corrects most people with an unseasoned mortgage will be upside down.</p></blockquote><p></p>
[QUOTE="Mountaintown Creek Ranch, post: 1719900, member: 42313"] I am not a negative or doom and gloom type. But I think a correction is coming and not only at wall street. IMO. Best thing during these times is being debt free. We have worked very hard for over 25 years to pay off our house. Think about the house market correction from deregulation years ago and what happened to prices. How many people walked away from their mortgage ? I would be afraid to have mortgage right now because houses are being sold over twice what their worth and it will correct or at least it always has. Car, truck, equipment prices are also a victim of this money printing era. It seems like whatever you take a loan for.... it's not worth what your paying....which is ok I guess if you're paying cash and don't mind being overcharged. When house market corrects most people with an unseasoned mortgage will be upside down. [/QUOTE]
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