That's right. Americans only have 56% equity in their homes. That's almost zero, right slots?
Your twisting my comments again. You are being intellectually dishonest. Talk with any real estate broker or mortage broker and they will tell you where the equity levels are heading on average and that is down and getting worse over the years. Also those second mortage companies that have popped up over the last 5-8 years on every street corner must be getting business from somewhere...not to mention DiTech, E-Loan etc etc.
BTW: When are you coming to my local wal mart so I can prove to you that 65-75% of the goods on the shelves say either Made in China or Assembled in china on their containers. I need the 1000 bucks. You keep on ignoring my request.
Posted by superiorslots to Toddsterpatriot
On News/Activism 04/13/2005 11:44:13 AM PDT · 70 of 77
Quote: Check out the Fed Reserve link in post #50. Here's the money shot: Line 51 shows owners equity as a percentage of household real estate, 56.1%.
I notice your real good at posting figures that are computed by the government.
Are we talking about the same gov't as in the US?? You know the one that said the Med R/X bill was going to cost 440 billion and 10 months later said will cost 550 billion? The US agric department that can't explain where $500 million is at? The Pentagon that cannot explain where $1 Billion is at?? The gov't that cannot give a even close number as to the number of illegals?? The gov that does not know what it's true financial order is..other than bad?? The IRS laws that it's own agents are confused and have no true meaning on what is correct?? Should I continue?? Do you have enough bandwith??
Talk to a real estate broker or mortgage broker that is unbiased and they will tell you which way the equity holdings of the american citizens is going. All the ones I talked with said south...meaning less $$equity. Not to Mexico or South America. Just wanted to mak sure this did not come back twisted.