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View Diary: New Study Finds Median Wealth of Black Women Is $5 (176 comments)

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  •  No, because you have equity (0+ / 0-)

    Assume you bought a $100,000 house with $10,000 down, with a $90,000 mortgage and you're eligible for a $6,500 homebuyer credit

     House                     $100,000
     Tax credit receivable       $6,500

     Mortgage                   $90,000

    Net Worth                    $16,500

    "Well, I'm sure I'd feel much worse if I weren't under such heavy sedation..."--David St. Hubbins

    by Old Left Good Left on Fri Mar 12, 2010 at 10:13:44 PM PST

    [ Parent ]

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