Comments on: Homeowners, You Don’t Want To Read This http://www.boom2bust.com/2008/07/23/homeowners-you-don%e2%80%99t-want-to-read-this/ "The Most Hated Blog On Wall Street" Fri, 05 Dec 2008 03:34:16 +0000 http://wordpress.org/?v=2.6.2 By: Editor http://www.boom2bust.com/2008/07/23/homeowners-you-don%e2%80%99t-want-to-read-this/#comment-2359 Editor Thu, 24 Jul 2008 13:47:42 +0000 http://www.boom2bust.com/?p=962#comment-2359 Thanks for the comment Days of Broken Arrows. "but you’re mis-using the word 'homeowner.'" You are correct... "mortgage holder" is much more appropriate. "I wonder if the bill Bush is going to sign will help the market 'recover.'" Once the legislation is signed, I will take a closer look at it and what the reputable analysts have to say about its potential effects. Thanks for the comment Days of Broken Arrows.

“but you’re mis-using the word ‘homeowner.’”

You are correct… “mortgage holder” is much more appropriate.

“I wonder if the bill Bush is going to sign will help the market ‘recover.’”

Once the legislation is signed, I will take a closer look at it and what the reputable analysts have to say about its potential effects.

]]> By: Days of Broken Arrows http://www.boom2bust.com/2008/07/23/homeowners-you-don%e2%80%99t-want-to-read-this/#comment-2357 Days of Broken Arrows Thu, 24 Jul 2008 03:49:30 +0000 http://www.boom2bust.com/?p=962#comment-2357 Nice post, as always, but you're mis-using the word "homeowner." A homeowner is some one actually owns the home, which would mean having total equity. In other words, some one who has paid off their house. Otherwise, you are a "mortgage holder," not a homeowner. Real homeowners are less concerned about the market, because they did not stake their future wealth on the nebulous concept of "the housing market." By paying off property, one can then accumulate actual wealth. Not the pretend kind, like the people with the huge house and no equity. Now, as for the value of that dollar wealth, well, that's sinking. Kind of like the housing market. I wonder if the bill Bush is going to sign will help the market "recover." Nice post, as always, but you’re mis-using the word “homeowner.” A homeowner is some one actually owns the home, which would mean having total equity. In other words, some one who has paid off their house. Otherwise, you are a “mortgage holder,” not a homeowner.

Real homeowners are less concerned about the market, because they did not stake their future wealth on the nebulous concept of “the housing market.” By paying off property, one can then accumulate actual wealth. Not the pretend kind, like the people with the huge house and no equity.

Now, as for the value of that dollar wealth, well, that’s sinking. Kind of like the housing market. I wonder if the bill Bush is going to sign will help the market “recover.”

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