[quote=spdrun]Speaking of the “bible-belt”, I know that TX didn’t have a bubble because they actually had stricter restrictions on mortgages and HELOCs than many of the “liberal” states. LTV is capped at 80%, only one HELOC is allowed, and HELOCs on primary residence were prohibited till the early 2000s.
Those restrictions date from the 1800s and aren’t recent…[/quote]
You would be correct, spdrun. You are referring to the TX “homestead exemption.” (Limited) HELOC lending has only been allowed there since 1998. See:
