Mood of the Market
And many won't do anything -- not borrow, nor spend -- to further burden it, to subject it to the risk of loss.
Even the cash they earn, in this new mental accounting, is to be spent more easily than cash borrowed against their home. In the final analysis, the recession has not only revised our actual accounts, it has revised our mental ones, as well.
Tara-Nicholle Nelson is author of "The Savvy Woman's Homebuying Handbook" and "Trillion Dollar Women: Use Your Power to Make Buying and Remodeling Decisions." Tara is also the Consumer Ambassador and Educator for real estate listings search site Trulia.com. Ask her a real estate question online or visit her website, www.rethinkrealestate.com.
|Contact Tara-Nicholle Nelson:|
|Letter to the Editor|
What's Your Home Worth?
Why in-house lenders are ineffective