I run into an investment advice book printed in 2002 (i.e. before the recession) and the preface starts like this: “(The US people should be) positive about buying or refinancing a home at historically low interest rates or buying a new car under new no-interest offers”. Obviously the recession came later on and everyone who invested in homes (and cars) lost a good deal of money.Moreover, many articles about the recession and its effect on the housing market mentioned that when interest rates are so low, there’s one way to…UP.

So..I was wondering whether I should spend my valuable time to read the rest 280 pages … I guess not… 🙂