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

To: GraceZ who wrote (87444)	8/28/2007 4:35:56 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

Completely ridiculous statement. Look at a chart of mortgage debt. US housing is more leveraged than ever.

To: GraceZ who wrote (87444)	8/28/2007 5:05:01 PM
From: saveslivesbyday	Read Replies (1) \| Respond to of 306849

"The vast majority of people who take out home equity loans tend to use the cash to improve their RE holdings ..." Do you have any data to back this statement up? I would actually think otherwise, given the large amount of credit card debt there is in the U.S. I agree that home improvement is common. It would be good to find a chart of total outstanding HELOC and how it's changed over the past few years - not just rate of withdrawals but outstanding balance which will tell whether you're right that people are "continually retiring these loans." I know Calculated Risk could locate this! CR - are ya out there?