Bob Brinker Free Discussion Site 59,820+: Re: Re: Housing bubble and economy

» bbaddict - Re: Re: Housing bubble and economy

In response to Re: Housing bubble and economy posted by Normxxx:

tough crowd...

I guess I should have said, "A lot of homeowners have been in their homes since before the current creative financing craze, and have not refinanced...

I was just trying to calculate the current percentage of households that would have adjustable rate mortgages. It is somewhere between 20 and 33%.

And, thanks for mentioning Clinton. I had forgotten about when he and his co-conspirators changed the way we measure the CPI to make their administration look better. He was/is the master of twisting statistics to his own favor, to gain the hearts of those with limited logic/analytical skills. The truth and the Clintons are not friends.

-- posted by bbaddict