jp
I dont have a percentage but neither do you. Your counter point was “I think…” More folks with mortgages have been in their homes pre-bubble than post bubble across this country. The percentage with 0 down and Helocs is overstated around here and many of those folks have been washed out already. The ones who could refi have equity and income thus they are the higher income earners and the bigger consumers. I dont know where the balance lies or how far to what side it lies. But I know its a mistake to only consider the one negative side to this equation.
As for the recovery I think we are in a less bad period than the last 2 years so it certainly is anything but a real strong recovery. Its tepid at best.
