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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (1147)	12/10/2001 2:53:09 PM
From: Tradelite	Respond to of 306849

<<Home equity has been decreasing>> Seems to me that if the concept of job stability hadn't gone up in smoke for younger workers, they would feel more confident about long-term real estate investment, would have TIME to build equity, and would have no reason to worry about market or real estate price fluctuations. In my opinion, the government's home ownership goals might be sabotaged by the lack of stable employment, but in the long run are of benefit to individuals and our economy. More people have benefitted than have suffered.

To: patron_anejo_por_favor who wrote (1147)	12/10/2001 3:46:32 PM
From: MSI	Read Replies (1) \| Respond to of 306849

I'll have to research the change in home equity $$. My impression is numbers of homeowners have gone up, and valuation has increased each decade. It would be interesting to track for the past decade, as a percentage of income, the average: - total cost of ownership (mortgage, taxes, insur, maybe repairs) - debt - equity ... to see the experience average Joe has had in home ownership. Certainly, job stability and income confidence is an issue in new home purchases at all income ranges, particularly the high end where the prices went way above the curve and would have had a correction even w/o a recession.