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

To: Elroy Jetson who wrote (24523)10/14/2004 8:28:27 PM
From: JBTFDRead Replies (1) | Respond to of 306849
 
Elroy,

Is that on an annual basis? (the home equity extraction)

Where did you get your figures?

Thanks



To: Elroy Jetson who wrote (24523)10/15/2004 1:25:06 AM
From: GraceZRead Replies (1) | Respond to of 306849
 
So what percentage of home equity loans and cashouts are used to fund additions and improvements? How does that chart account for home equity loans which are used to add to the value of the house?



To: Elroy Jetson who wrote (24523)10/15/2004 5:16:42 PM
From: KyrosLRead Replies (2) | Respond to of 306849
 
According to the Fed, the net worth of US households as of last month comes to $45.9 trillion. Divided by the population of 290 million, it results in $158,000 for every US man woman and child.

money.cnn.com

So, the Aussies are wealthier by about $20K, and the distribution of wealth there is a lot more even.


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