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

To: GraceZ who wrote (11458)	7/3/2003 1:16:37 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

With the total estimated equity in housing of around 6 trillion, that amounts to a whopping 1.6%. not relevant to the point i was making, grace. i am talking about personal debt ratio patron and i were discussing consumer debt.... you can total all the debt and come up with a rather meaningless statistic but with house foreclosures and delinquencies (in spite of increasingly lax default standards) rising to an all time high (granted home debt ownership is at an all time high too)... the point should be getting more and more clear that mortgage debt service (which now reflects short term consumer debt purchases taken on via cash out re-fi's) is getting stretched. but perhaps not.