In case you have been traveling, here is some relevant news.

If you own real estate outright, get a 4% loan today.  May as well get on the right side of the theft of wealth.

Fed Says U.S. Wealth Fell 38.8% in 2007-2010 on Housing

By Jeff Kearns | Bloomberg – 10 hours ago

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The financial crisis wiped out 18 years of gains for the median U.S. household net worth, with a 38.8 percent plunge from 2007 to 2010 that was led by the collapse in home prices, a Federal Reserve study showed.

Median net worth declined to $77,300 in 2010, the lowest since 1992, from $126,400 in 2007, the Fed said in its Survey of Consumer Finances. Mean net worth fell 14.7 percent to a nine- year low of $498,800 from $584,600, the central bank said yesterday in Washington. Almost every demographic group experienced losses, which may hurt retirement prospects for middle-income families, Fed economists said in the report.

"The impact has been a massive destruction of wealth all across the board," said Lance Roberts, who oversees $500 million as chief executive officer of Streettalk Advisors LLC in Houston. "What you see is an economy that's really very, very stressed for the bottom 60 to 70 percent of the population that's struggling just to make ends meet."....