5 reasons why falling home prices will be good for the economy – Higher homes values does not mean higher home equity, financial sector profits back up to 30 percent of all corporate profits, the mortgage debt equation.
Sunday, August 29th, 2010A recent report shows that 11 million homeowners with a mortgage are underwater with a deep red line item on their household budget. Add into the mix those with less than 5 percent equity and we realize that 28 percent of all “homeowners” are eit…