[beowolf]

Yet, home equity loans are being taken out ( up to 120% of inflated estimated value ) by all of the people that are/have over-extending themselves. There is a big crash coming....all it takes is a round of major layoffs. Oops, that is already starting, and job-prospects for new graduates is just about zero....Hmmmm.

[RightWhale]

There is a big crash coming

Might not be the best planning to be up to the eyebrows in loan payments and other credit at this time. For those who used to watch Ruff and Robertson on TV in the early 80s, they were always saying to get out of debt. It doesn't appear that everyone tried real hard to do that.