Posted on 08/10/2023 4:57:37 PM PDT by millenial4freedom
Agreed. Now would be the worst
time to borrow based on equity.
A lot have borrowed against or
cashed in their 401K’s. And
equity gained will be relied upon
for retirement income.
Future headline.
You’ll soon own nothing. Here’s why that’s a good thing.
Interest rates are so high. I sincerely doubt people will be taking out loans on home equity for frivolous purchases. Maybe to buy food.
This reeks of ghetto mentality... it’s also a set up for another housing bust. The money ‘in your home’ isn’t real until you sell your home. Before that time ‘taking it out’ is nothing more than a loan you have to pay back.
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