Christopher Cagan
Christopher Cagan
common
Nationally, I think it will be a common cold, if you will.
texas
I feel Texas is going to come out of this pretty well.
bit last question since spring whether
It's slowed down a bit since last spring and summer. The real question is whether it's more than just the seasonal slowdown.
combined debts exceeded home mortgage values
That is, their combined mortgage debts exceeded their home values by more than 10 percent.
bought equity generally people sooner
The people who bought in 2003 or sooner ... they generally have enough equity that they're going to do all right.
asset billion currently economy household losses nation national percent several spread total trillion value
Our nation is a $10 trillion-per-year economy currently possessing $19 trillion in household asset value and $11 trillion in homeowners' equity. Losses of $110 billion - spread over several years - would come to only about one percent of the total national homeowners' equity.
discount great job
In general, you're not going to get a great discount in a great location, right where your job is, a place that you really want to buy.
almost huge markets positive texas
I'm more positive about Texas than almost anywhere, because the underpinnings are good, and it hasn't had the huge run-up that other markets have.