Bob Brinker Free Discussion Site 59,820+: Re: Housing bubble and economy
- Normxxx
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» Normxxx - Re: Housing bubble and economy
In response to Housing bubble and economy posted by bbaddict:A lot of owners have been in their homes since before the new creative financing, so I would guess that of all current homeowners...
Who said an 'old' homeowner cannot take advantage of those new, esoteric financing schemes? In case you haven't noticed, refinancing mortgages is now a major industry in the U.S. And for the past few years, average net equity in their houses of U.S. households has fallen, not risen.
-- posted by Normxxx
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