Homeowner equity is lowest since 1945

[Mean Reversion]

“Americans’ percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday.”

“That marks the first time homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945.”

http://news.yahoo.com/s/ap/20080306/ap_on_bi_ge/home_equity

[Coronita]

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.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

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.

 

 

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[cr]

It means a lot.

“That marks the first time homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945.”

Basically, people are screwed.

It seems to indicates that there were a huge number of refi’s, however as long as they can afford thier loans they’ll be fine.

It also means a house doesn’t make you rich, Real Estate does go down, and not everyone should own a home.

Downward spiral.

[cr]

It means a lot.

“That marks the first time homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945.”

Basically, people are screwed.

It seems to indicates that there were a huge number of refi’s, however as long as they can afford thier loans they’ll be fine.

It also means a house doesn’t make you rich, Real Estate does go down, and not everyone should own a home.

Downward spiral.

[cr]

It means a lot.

“That marks the first time homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945.”

Basically, people are screwed.

It seems to indicates that there were a huge number of refi’s, however as long as they can afford thier loans they’ll be fine.

It also means a house doesn’t make you rich, Real Estate does go down, and not everyone should own a home.

Downward spiral.

[cr]

It means a lot.

“That marks the first time homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945.”

Basically, people are screwed.

It seems to indicates that there were a huge number of refi’s, however as long as they can afford thier loans they’ll be fine.

It also means a house doesn’t make you rich, Real Estate does go down, and not everyone should own a home.

Downward spiral.

[cr]

It means a lot.

“That marks the first time homeowners’ debt on their houses exceeds their equity since the Fed started tracking the data in 1945.”

Basically, people are screwed.

It seems to indicates that there were a huge number of refi’s, however as long as they can afford thier loans they’ll be fine.

It also means a house doesn’t make you rich, Real Estate does go down, and not everyone should own a home.

Downward spiral.

[jpinpb]

Thanks for posting that article.

[jpinpb]

Thanks for posting that article.

[jpinpb]

Thanks for posting that article.

[jpinpb]

Thanks for posting that article.

[Author]

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