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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (16001)1/3/2007 4:53:20 PM
From: Peter Dierks  Read Replies (1) | Respond to of 71588
 
Considering that the portion of the population that you are talking about that owns a home but no stock is unlikely to have more than a small amount of equity, they probably experienced a similar jump in their equity in their homes.

Lets do the math together:


                   Y-1              Y
Home value    $100,000       $101,000
Equity        $  5,000       $  6,000 (plus additional contributions)


Percentage increase = 20%


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