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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (51798)	1/27/2006 5:28:11 PM
From: Marc Hyman	Read Replies (1) of 110194

And big chunk of population is struggling, increasing their debt load instead of paying it off. Stats, please. I've no doubt that there are plenty of people who are or soon will be in trouble, but want numbers instead of "a big chunk" or "lots", etc. * What percentage of homeowners either purchased a home or re-financed a home in the last two or three years? * What percentage of the above extracted equity? * What percentage of those who extracted equity didn't plow the funds back into their primary residence by way of remodeling or other improvements? * What percentage of the remaining used ARMs, interest only, etc. as there was no other way they could afford the loan? Those are the people in big trouble. I haven't a clue as to the number, though. // marc

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