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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (4665)3/6/2008 2:27:47 PM
From: The Wharf  Read Replies (1) | Respond to of 71450
 
biz.yahoo.com
AP
Homeowner Equity Is Lowest Since 1945
Thursday March 6, 12:50 pm ET
By J.W. Elphinstone, AP Business Writer


Federal Reserve Report Shows Homeowner Equity Dipping Below 50 Percent, the Lowest on Record
NEW YORK (AP) -- Americans' percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday.
Homeowners' portion of equity slipped to downwardly revised 49.6 percent in the second quarter of 2007, the central bank reported in its quarterly U.S. Flow of Funds Accounts, and declined further to 47.9 percent in the fourth quarter -- the third straight quarter it was under 50 percent.

To me RE is as of yet very very risky.



To: Real Man who wrote (4665)3/6/2008 2:52:27 PM
From: Amelia Carhartt  Read Replies (1) | Respond to of 71450
 
If credit was a bubble then in my view RE was too. Absurd credit policies created false demand, which in turn created a RE bubble. IMO