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

To: tejek who wrote (284037)10/16/2010 5:06:21 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
RE:"There's no dispute that a 17 percent increase in home equity is a positive sign at the very least. Home values nationwide no longer are on the downgrade, and household debt loads are moderating."

Who makes up this poppycock?



To: tejek who wrote (284037)10/16/2010 9:26:16 PM
From: John ChenRespond to of 306849
 
"There's no dispute that a 17 percent increase in home equity is a positive sign at the very least "

Wonder how much of those is from, might as well pay down/off
your mortgage since gov. is going for 'near-zero-rate' in
their lifetime.

awesime.



To: tejek who wrote (284037)10/16/2010 11:46:04 PM
From: John VosillaRespond to of 306849
 
'There's no dispute that a 17 percent increase in home equity is a positive sign at the very least. Home values nationwide no longer are on the downgrade, and household debt loads are moderating.'

That percentage increase off a modest base isn't a stretch on a highly leveraged 15 year loan taken out years ago being paid down at a rapid clip and the value going up slightly again. Once you get down to 10 or less years left principal makes up the bulk of your P&I


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