[SIKSUKR]

This economy has been a house of cards for some time now.It's very easy to blame the big guy lending institutions and Wall street traders and they should have their share but look in the mirror people.The reason we are in this situation is because most Americans have credit WAY beyond where they should.The bubble is about to bust and those us who knew better and did not over extend themselves are not in too bad of position.The problem is the rest of the over extended world will be taking us down with them like my retirement accounts.Boy Dad was soo right about staying out of high debt because when things go south you will be in a much better position.It's been hard to do when property looks like it will increase at a never ending rate and there is plenty of money to be made through speculation of higher property values.That's not reality and we now have deflation and lots of property owned upside down.Most of the people on this board are old enough to have seen the big deflation of the early 90's and what it did to the s&l's.This is now a much worse version and the stakes are higher.Bottom line.Don't buy what you can't afford to pay for if the economy goes in the crapper.