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  • May 17, 2007 at 10:46 AM #53280
    DaCounselor
    Participant

    “There is no more equity in homes because people spent all their equity living well beyond their means for the past 5+ years.”
    ________________________

    This a pretty incredible blanket allegation. Is there really “no more equity in homes”?? Please provide data. Thanks.

    May 17, 2007 at 10:46 AM #53287
    DaCounselor
    Participant

    “There is no more equity in homes because people spent all their equity living well beyond their means for the past 5+ years.”
    ________________________

    This a pretty incredible blanket allegation. Is there really “no more equity in homes”?? Please provide data. Thanks.

    May 17, 2007 at 10:52 AM #53282
    sdrealtor
    Participant

    Dont jump to conclussions so quickly Radelow! Maybe the corpse that was found in the house that got sold was his rich aunt. What?????? the corpse was found in a bank owned house. Oh well, HELOC away….

    May 17, 2007 at 10:52 AM #53289
    sdrealtor
    Participant

    Dont jump to conclussions so quickly Radelow! Maybe the corpse that was found in the house that got sold was his rich aunt. What?????? the corpse was found in a bank owned house. Oh well, HELOC away….

    May 17, 2007 at 10:59 AM #53290
    PD
    Participant

    There are many people out there who should be living in homes that are paid off or close to paid off who have spent their equity. My mom is in her 60s and told that me that all of her friends have been taking money out of their houses (and spending it) and have advised her to do the same. I know of at least one couple in their 60s who took out an amount about equal to their yearly income to pay for their daughter’s stupidly expensive wedding. …Nothing like mortgaging your future for a six hour party.

    May 17, 2007 at 10:59 AM #53297
    PD
    Participant

    There are many people out there who should be living in homes that are paid off or close to paid off who have spent their equity. My mom is in her 60s and told that me that all of her friends have been taking money out of their houses (and spending it) and have advised her to do the same. I know of at least one couple in their 60s who took out an amount about equal to their yearly income to pay for their daughter’s stupidly expensive wedding. …Nothing like mortgaging your future for a six hour party.

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