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home equity: Lifeboats For Your Money... - 03/02/09 09:11 AM
March 1st, 2009
In January, 2008 I wrote an entry in my blog about the failure of the White Star Line to add enough lifeboats to the Titianic because they believed it unsinkable. It's worth re-reading today as the Titanic of the US economy is compromised by the arrogance and greed of the financial Behemoths and the gluttonous appetite for power by the Dolts in DC - the US Congress, the US Presidents of the past 16 years and the misguided ambition of the current US President for a "change" to the unknown...at least to you and me it's unknown.
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home equity: Alarming Stats About Young People and Money... - 07/28/08 09:40 PM
July 28th, 2008
America's young people are trapped in a dysfunctional paradigm that is robbing them of the oppotunity to succeed.
"The June 2008 Greenberg survey, entitled "Young People: Living on the Edge" illustrates the severe impact of the current economic crisis on 18 to 34 year olds...
"Of the young adult participants, 75 percent say they have gone deeper in debt over the past year. Nearly 19 percent of respondents report having their phone, cable or utilities cut off, and more than 15 percent have faced repossession or have had their credit card cancelled due to non-payment.
"Additionally, about … (8 comments)
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home equity: Home Equity Isn't Money But A Lot Of Families Think It Is... - 07/15/08 12:50 PM
July 15th, 2008
A recent ad by the national Association of Realtors states that home equity accounts for about 65% of the average American's wealth.
WOW! There's something wrong with that equation. That means that a family with a $500,000 house and a $300,000 mortgage - $200,000.00 in equity - plus a car loan or a few thousand dollars on a credit card has more debt than they have assets when you exclude the home's equity. Do the math. If $200,000.00 is 65% of what the family puts on the balance sheet, the total on the bottom line is about $305,000. Add … (2 comments)
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Jeffrey Reeves
Denver,
CO
More about me…
EUREKONOMICS[tm]
Address: 1270 Jasmine Street, Denver, CO, 80220
Office Phone: (303) 355-0550
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