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To: oblomov

Do you think the current situation is even worse (or perhaps improved)?

This doesn’t reflect just people who have actually lost their homes, but the decline in value of the homes themselves even for people who have kept them (since a house is the biggest asset most people - of any ethnicity - own). So I suppose it’s probably even worse.


8 posted on 07/28/2011 3:43:59 AM PDT by livius
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To: livius

Definitely not improved. I would guess that the overall condition of U.S. households is worse, and that minority HHs have been hit harder than white HHs. The stock market recovery has disproportionately improved the condition of white HHs. But most HHs, white or otherwise, don’t have enough assets in the stock market for the recovery to make a significant difference.


14 posted on 07/28/2011 4:29:31 AM PDT by oblomov
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