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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (115744)	8/6/2001 5:37:27 PM
From: TheStockFairy	Read Replies (2) \| Respond to of 436258

<<"The household sector is doing the smart thing. They are growing more optimistic that real estate values will keep going up and taking on more debt to fund improvements," said Glassman.>>> Are they taking on more debt to service their other debt, or are they funding improvements? I guess if you bought a sheet of plywood for $10, paid for it on a credit card and then extracted $20k for a refi to pay down your ccard bill, I guess you would be funding improvements. High finance is just way over my head. Any help here?