Exact(14)
Yet three out of every four owners there are equity rich.
More than 71percentt of the owners in this relatively modestly priced neighborhood are equity rich.
"The typical borrower is equity rich but cash poor," Ms. Ludwig said, "and, therefore, these loans are unaffordable.
Thanks to rapidly rising home prices, that number has been spiraling; 1.6 million owners became equity rich last year alone.
"The typical borrower is equity rich but cash poor," said Ms. Ludwig of the neighborhood advocacy project, "and, therefore, these loans are unaffordable.
● Fourteen million American homeowners, roughly one of every four owners with a mortgage, are "equity rich": Their debt is less than 50percentt of their current home value.
Similar(46)
Romney Tax Returns Reveal Private Equity Riches | Bowing to pressure, the campaign of the Republican presidential candidate Mitt Romney released details of his federal tax returns on Tuesday, showing that he would likely pay $6.2 million in taxes on $45 million of income over the tax years of 2010 and 2011, The New York Times Caucus blog reports.
The Chinese Dream has four parts: Strong China (economically, politically, diplomatically, scientifically, militarily); Civilized China (equity and fairness, rich culture, high morals); Harmonious China (amity among social classes); Beautiful China (healthy environment, low pollution).
The equity-rich major players, many of them members of dynasties, took a pause: they could afford to.
In recent years, low interest rates have kicked the market into overdrive and fueled a wave of expansions and renovations that have left few equity-rich homes untouched.
Hometrack predicts equity-rich households that do not depend on getting big mortgages to buy homes could continue to put upward pressure on prices in localised markets in 2010, after pushing up prices in southern England in particular this year.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com