1) Speculative markets have "winners" and "losers". 2) Capital losses represent money that has been "incinerated", not money that's "tied up". They're assuming the market will return to what it was at the previous "final top". :eek:
Explain to me how you can have a re-fi boom, with such a large percentage of homeowners underwater by 20-40%.
Hey! Not all of us...and I haven't yet maxed out on the credit card that is my home equity. But I'm workin' on it.... So there!!!