On Thu, 29 May 2003 12:43:52 -0400, "Kevin  ...
>
>Then you are very rare. Most people do, with the most obvious example being
>home/real property ownership.

Most people borrow more than the house is worth? That's very strange, why would
they do that?

Christ, now you are an amateur accountant.

Its a simple equation.

Equity = disposable value - debt 


>Then if you have a house, you are engaging in deficit spending, unless you
>paid for the house in full.


No. However a car /may/ be an example.

---
"2 out of 3 ain't bad" - Meat Loaf
"1 out 2^64 is a real bitch" - Original