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To: Toddsterpatriot
Your $200,000 house is now worth $600,000.

True. But the practical reality is that unless I sell it, that "value" is of no value. And unless I have an income, I can't make the monthly payment with the cheaper dollars.

No matter how we try, we just can't make feces smell like perfume.

34 posted on 09/28/2009 6:02:16 AM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: ChildOfThe60s

Inflation is bad, but can be used to an individual’s advantage IF (big IF) they are employed and their salary follows the increase in prices.


36 posted on 09/28/2009 6:13:12 AM PDT by RockinRight (9/12/09 - the day the sh*t hit the fan)
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To: ChildOfThe60s
You started with cash of $60,000 and home equity of $110,000. Total $170,000.

You ended with cash of $60,000 and home equity of $510,000. Your net worth of $570,000 is equivalent to $190,000 before the inflation. It's true that you would have to sell the house (or take out a HELOC) to tap the equity.

Feces does not smell like perfume.

37 posted on 09/28/2009 6:48:43 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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