Um, so can someone educate idiotic me the significance of this metric?
Over the past say 5 years we had unprecedented number of buyers. Clearly, most of them are under the 50% equity meter (including me). Doesn't this just skew the data as such? And of course we know people refinanced out like crazy. So that's self evident .So beyond reporting the obvious, what additional value does this report bring to the table beyond reporting what is known all along?
It seems like the media has caught on to "piling on" data that is bad news. I'm just looking for the media to explain significance of data to laymen like me, besides just contributing to the hysteria for the sake of eyeballs.
