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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (56126)6/15/2006 11:31:39 AM
From: John VosillaRead Replies (1) of 306849
 
'Now we have a 67% ownership rate for households, that means 80 million household own, so if 55 million own outright, that is the majority of households.'

You can bet a big part of that group is retired and very conservative with their money and use of debt. Both their offspring and financial institutions will do everything they can to tap that equity in coming years.
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