The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (24536)	10/15/2004 4:02:41 AM
From: Elroy Jetson	Read Replies (1) of 306849

We know an American 50 year old has an average Net Worth of less than $40,000 including Home Equity. Home Equity already includes any small incremental value added by the dramatic new drapes, glamorous Pella windows, and this week's groceries which were paid for with a home equity line of credit. While a major kitchen remodel adds $32,645 in debt plus annual interest payments, it increases the value of a home by only $18,901. dollarbank.com The bottom line is the rest of the savings are gone and $40,000 doesn't pay for a very comfortable retirement.

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