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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Lane3 who wrote (84631)9/15/2008 5:33:46 PM
From: neolib  Read Replies (1) | Respond to of 541253
 
About two thirds of families not only have a home but own it.

Uh? You need to factor in what a mortgage is, and what being underwater on your mortgage means.

Many people who actually did own their homes outright a decade or even more ago, are losing them now, because they mined the equity during the last boom, and now don't own their home. The 67% (or there abouts) is not owned, it is owned + bank owned.



To: Lane3 who wrote (84631)9/16/2008 9:08:13 AM
From: Suma  Read Replies (1) | Respond to of 541253
 
Lane I never like to challenge you but where did you get those statistics... Not from S.I. as that would be all one sided.

I find it hard to believe that two thirds of Americans own their own homes and have a home paid for. I guess that is also what I should have added. Sorry.


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