Labels:chat room | crt screen | hakham | laptop | monitor | plant | road | sky | stairs OCR: Consuming our home equity $3.00 mlilion Secand. mortgages 200 100 Home souit borrowing 1990 $2.400 Homa eqity 2,200 2.000 1.800 1985 1990 A sharp rise in tax-dleduct- thle home -equity and : sec ond-mortgage loans has contributed to a dramatic declinein theequity that Americans bold intheir homes as the charts above show Indeed, the equity held by thomeowmersfell 15.7% in 1990 the steepest drop inat least 45 years Alarmed bythis trend Aqpue theextentto which iconsum ers are using home-equity loans for purposes such as vacatiors and car pur- chases Congress has asked the Genera IAccounting TOf- fice to investigate equity borrawing Dependingon the GAD'S treport, expected in three months Capitol Hill may curb the taa atvantages ofthese lines of credt equiy equit
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