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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (54321)	2/20/2006 5:01:32 PM
From: GraceZ	Read Replies (1) \| Respond to of 110194

I would have had to borrow 7 times my yearly after tax income to clean out all the equity built up in the two houses I still own over the past five years (not even getting into the two I sold). Considering that equity on a macro basis is still hovering around 58% even with the huge run up, some people took it out, but judging from the aggregate amount of home improvements and the mass of new housing built at historically high prices in the last five years, most of this money is going right back into RE.