Thanks for explaining the difference. Regarding “money is cheap....People misread this as being a sign that the economy is booming.” I don’t think that is the case this time. I’m sure there are many like me who are paying down their HELOCs at 3.25% as fast as they can. However, unlike many, most of my equity is in rentable real estate (neglected for 10 years while caring for dying relatives), to which I am also alocating funds for reparing and improving. Fortunately, I live in an area were moderate to lowish income rentals will always be wanted. If it really hits the fan, I can always lower the rents.
Meanwhile, I have been working on an idea that might help. Experts have said that one of the problems now is that with all the lay-offs, downsizing, etc. that there are many inefficiencies regarding new hiring and unemployment. This plan would tackle that issue head on. If you would like to know more, private message me. I need an incentive to get transferring, updating, and computerizing what I have written the old fashioned way. An interested, knowledgeable, and friendly audience and critic would add motivation. I can send a summary and if you are still interested more as I put it in Open Office.
The currency supply is still over-inflated from the credit bubble caused all through the 90’s (tech bubble) and the early 00’s (housing bubble). That needs to be shaken out of the economy (and all the over-leveraged prices of assets which is a result of that excess credit). PM on the way.