Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AC Flyer who wrote (17963)	4/9/2002 4:31:06 PM
From: smolejv@gmx.net	Read Replies (1) of 74559

>>She points out that the average cash-out refinance is $34,000. Yet the median home price is just $150,000<< and >>fooled by this kind of phony linkage of two independent data points. << you mean to say there's no correlation between the two variables? Or that there's J6Ps who have houses and pay for them without touching the equity, and then there's J6Ps who just bought the house to cash in? Im not touting you, Im just curious - you call linking the two baloney & BS, but provide no arguments. In any case, there ARE two things out there, the home prices and the equity take-out, that can be measured and they do pertain to the same thing (to J6P's home). IOW they have something "in common". Even if they dont correlate (iow r=0). btw 100% correlation would be the best for everybody involved (BillG can afford it and Homer Simpson cant or at least should not). My guess - there's a significant (although rather low) !negative! correlation. Which may make it even worse for low-income J6P if things sour up for him and his family. It's still just a guess - anybody offer some real numbers on that? dj

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