Links Back to the Week That Was 11/16
Posted on Nov 16, 2008 by Cari McGee in Week That Was
This is an ‘all good news’ post. Jobs for our area, evidence of money still being spent, a bunch of stories that indicate that the Tri-Cities is one of the best spots to be in during this economic storm.
Areva has something for us, afterall.
People are remodeling their homes instead of buying a new one (not great news for me, but I’m still happy about it).
Jobs to the left of me, jobs to the right of me…
Enjoy your week – make it a good one!
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Where is all the money coming from? Could people be possibly taking form their equity? Is there still such a thing?
Hi, Raj C, thanks for stopping by and commenting!
People absolutely can be taking cash out from the equity in their existing home. Since we weren’t a bubble market, with huge gains and consequent huge losses, many people here have enjoyed steady appreciation in their home value. Therefore, they can still retrieve the equity and fix up the house to their heart’s content.
Equity loans are available, too, as banks still have money to lend. It’s just that everyone THINKS they don’t, so they’re not even tapping into that resource. But, it’s very much still an option here in the Tri-Cities.