[quote=deadzone][quote=an]
What’s the % of home owners are over-extended and up to their eyeballs in debt? Last I check, it’s much harder to get a loan today than 15 years ago. No liar loans, no no-docs loan, have to have a good LTV and cash reserve. So, would love to see data on this statement.
I sincerely hope you’re right and we’ll see another 2008 style crash. Although, it seems like you think it’ll be even worse. Fingers cross that you’re right.[/quote]
Revolving credit at all time high, jumped 20% in April. Meanwhile interest rates going to the moon. Not a good recipe for housing market or economy in general.
