| overall wealth of the nation, at least across time within direct parent plus loan nation. Between nations, variations in traditions and in tax regimes make such comparisons hard to interpret. It is widely believed by politicians that owner-occupiers are more likely to vote for parties of the right, and such parties therefore often take steps to encourage home ownership. The Cash-Out Refinance Report also revealed that properties refinanced during the third quarter of 2005 experienced a median house-price appreciation of 23 percent during the time since the direct parent plus loan loan was made, unchanged from the second quarter 2005. For loans refinanced in the |
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