drop in equity

Toting Up the Equity Hit

The $7 Trillion Hole in the EconomyWould you be tightening your belt if your house had dropped $50k-$60k in value in the last four years? Probably. And if you’d taken out a home equity loan against your home when it was worth $50k-$60k more . . . almost definitely. Now, take that $50k-$$60k drop in...
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