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[rayzentz AT aim.com]

So what's the problem? The dice rolled again...

Oh, is she complaining that she lost the gamble?



Dr. Raymond Zentz
 
It is better to die a free man, than to live, a slave.



-----Original Message-----
From: Clansgian AT wmconnect.com
To: homestead AT lists.ibiblio.org
Sent: Tue, Mar 23, 2010 8:21 pm
Subject: [Homestead] As I foretold you ...


"Our revels now are ended. These our actors,
s I foretold you, were all spirits, and
re melted into air, into thin air:
...
e are such stuff
s dreams are made on"
(From the Tempest).
------------------------
When the housing bubble was inflating toward its zenith and inevitable 
eflation,  so many scoffed at the idea ... bubble-shmubble, never happen!
Not least among which was my closest neighor.  She had overpaid for her 
ouse some ten years ago just before the onset of the bubble, $94K if memory 
erves.  At the height of the bubble and the schmarmy loans being offered by 
ll and sundry, the bank's appraiser told her that her house was suddenly 
orth $160K and the bank would be happy to give her $60K against the equity of 
er house.
Perhaps a couple of score of times we talked with her and told here that 
oney did not suddenly appear in her house, cash was not oozing out of the 
ight switches and dripping out of the faucets.  She always looked at us and 
sked why we were so obstinate to not understand that it was just a roll of 
he dice, the cards had finally been dealt her way, and because she had the 
ood fourtune to buy the house when she did, she won and gets the $60K that 
he house's equity had increased?  Were we parhaps a bit jealous that we 
urselves didn't have a mortgage on our place and thus were missing out on all 
he money she was making?
Today she declared bankruptcy and lost the house.

ames</HTML>
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