Robert Freedman, Senior Editor at REALTOR® Magazine, describes how declining home values have stifled the growth of small business startups:
The pressure on home equity has been tough on everybody since the downturn but one segment of the population that’s been especially hard hit is the small business owner. Thanks to tight underwriting requirements by lenders, small business owners have been struggling to get capital just to keep their doors open. With lenders closed off to them, the only place left for them to go for capital is their own assets. That means tapping their savings or retirement accounts or their home equity, which is often their biggest source of wealth — or at least used to be.....More, including a video clip, from My Realtv News:
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