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Updated over 2 years ago,
This is not '08 again. Record highs for home equity in '22
Hey BP fam,
Wanted to post something interesting for you guys to ponder that I saw on Linkedin.
According to this Record Highs For Home Equity, we are seeing record highs for home equity.
I talk to a lot of investors and some are talking about a housing market crash akin to '08 or compare the economic anxiety we see now to that time period.
Juxtapose the record highs in home equity now to 2008, when everyone and their dog was taking out highly leveraged loans tying up their assets in debt.
This is not to say everything is hunky-dory, obviously not.
But many people are flush with cash tied to their homes, and an even larger number of people locked in bottom of the barrel near zero interest rates on their homes.
Look forward to the discussion :)