You got that right. Nobody is going to give you that third mortgage.
Yet, the average American household still maintains 57% equity in their home while home ownership has climbed to an all time high of about 70%. Homeowner equity accounts for just 21% of our total household net worth. The average American family has a lot of assets other than their home.
You guys want to believe that the average American is drowning in debt and that American's just don't save anymore. Unfortunately, you cannot offer any data, from a reputable source, to back you up.