“There is no more equity in homes because people spent all their equity living well beyond their means for the past 5+ years.”
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This a pretty incredible blanket allegation. Is there really “no more equity in homes”?? Please provide data. Thanks.
“There is no more equity in homes because people spent all their equity living well beyond their means for the past 5+ years.”
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This a pretty incredible blanket allegation. Is there really “no more equity in homes”?? Please provide data. Thanks.
Dont jump to conclussions so quickly Radelow! Maybe the corpse that was found in the house that got sold was his rich aunt. What?????? the corpse was found in a bank owned house. Oh well, HELOC away….
Dont jump to conclussions so quickly Radelow! Maybe the corpse that was found in the house that got sold was his rich aunt. What?????? the corpse was found in a bank owned house. Oh well, HELOC away….
There are many people out there who should be living in homes that are paid off or close to paid off who have spent their equity. My mom is in her 60s and told that me that all of her friends have been taking money out of their houses (and spending it) and have advised her to do the same. I know of at least one couple in their 60s who took out an amount about equal to their yearly income to pay for their daughter’s stupidly expensive wedding. …Nothing like mortgaging your future for a six hour party.
There are many people out there who should be living in homes that are paid off or close to paid off who have spent their equity. My mom is in her 60s and told that me that all of her friends have been taking money out of their houses (and spending it) and have advised her to do the same. I know of at least one couple in their 60s who took out an amount about equal to their yearly income to pay for their daughter’s stupidly expensive wedding. …Nothing like mortgaging your future for a six hour party.
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