 Quote:
Originally Posted by ERD50
Maybe I feel a bit more immune to this as I don't bother to count my house equity in my 'net worth' - since I can't get an EOD or EOM quote on it at a click of the mouse, I just think of it as a little 'back pocket' insurance (if I downsize or reverse mortgage) on my SWR.
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Agreed. For some on this board, it will be easy to ignore -- as long as it doesn't spread beyond home values. But understand that home equity represents most of America's net worth. The value of all the houses out there is $21 trillion. 160% of GDP. A large drop will have a serious and long-lasting effect on every aspect of our economy.
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