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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: saveslivesbyday who wrote (87451)8/28/2007 6:04:48 PM
From: benwoodRead Replies (1) of 306849
 
One consideration of the cashouts for home improvements (a minority of the cashouts, I expect) is that the improvements rarely create a return of 100%. And in the next few years, those improvements are likely to have a lower return than historically: more homes priced themselves out of their peer market; others obtained must-have improvements (e.g. granite counter tops) that could easily become don't-need-it items in the resale market; and overall home devaluation putting the pressure on getting any return whatsoever on improvements.
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