Sunday, May 08, 2005

Housing Inflation Fueled by Home Equity

Pay $10,000 down payment three years ago, refinance twice and take out $80,000 with a $100,000 line of credit which "he might use it to buy an investment property." Margaret Webb Pressler wrote It's on the House in the Washington Post about how the "rules" of home equity have changed with the boom in real estate price. Plenty of information to show how housing inflation is bubbling.

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