Slang for an individual homeowner who strips the equity out of his or her home through mortgage refinancing. The proceeds are generally not re-invested, but spent on consumer goods.

Most people get rich by saving and investing wisely. Strippers, on the other hand, feel rich because they have increased their disposable income by going further into debt.

Strippers face two huge risks. First, they are trusting that the value of their home will keep rising, but any dip in the housing market will prevent future refinancings. Second, strippers usually borrow when interest rates are low. If they have a variable-rate mortgage and rates rise again (as they always do), they might not be able to afford the mortgage payment. Sooner or later, strippers will have to reduce their consumption and start saving to pay back loans. This situation is a vicious cycle because the deeper into debt a person goes, the harder it is to get back in the black.

Investment dictionary. . 2012.

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  • Stripper [1] — Stripper dienen in Stahlwerken zum Abziehen der Kokillen (s.d.) von den Flußeisenblöcken nach dem Erstarren. Sie besitzen als wesentliche Teile einen mittleren Stempel zum Aufdrücken auf den Block und zwei Arme, die unter Ansätze an den Kokillen… …   Lexikon der gesamten Technik

  • Stripper — Strip per, n. 1. One who, or that which, strips; specifically, a machine for stripping cards. [1913 Webster] 2. (Agric.) A cow that has nearly stopped giving milk, so that it can be obtained from her only by stripping. [Webster 1913 Suppl.] 3.… …   The Collaborative International Dictionary of English

  • Stripper — Stripper. См. Съемник в штамповке. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • Stripper [2] — Stripper (Wender), s. Wergspinnerei …   Lexikon der gesamten Technik

  • stripper — strípper (angl.) [e pron. ă] s. m., pl. strípperi Trimis de gall, 07.03.2008. Sursa: DOOM 2 …   Dicționar Român

  • stripper — stripper, striptease → estriptis o estriptís …   Diccionario panhispánico de dudas

  • stripper — (n.) strip tease dancer is from 1930, from STRIP (Cf. strip) (v.). Strip tease itself is first recorded 1936, though strip and tease were both used in this sense in late 1920s …   Etymology dictionary

  • stripper — ► NOUN 1) a device or substance for stripping. 2) a striptease performer …   English terms dictionary

  • stripper — [strip′ər] n. 1. a person or thing that strips ☆ 2. a person who does a striptease …   English World dictionary

  • stripper — 1. stripper [ stripɶr ] n. m. • 1964; mot angl., de to strip « dépouiller » ♦ Anglic. Chir. Instrument utilisé en chirurgie pour extirper les veines, dans le traitement contre les varices. Recomm. offic. ⇒ tire veine. stripper 2. stripper [… …   Encyclopédie Universelle

  • stripper — [[t]strɪ̱pə(r)[/t]] strippers N COUNT A stripper is a person who earns money by doing striptease. She worked as a stripper and did some acting. ...a male stripper …   English dictionary

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