As home values recover, home equity lending resumes.
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The Fed is painting themselves into a corner. It’s like Santa is coming to town lending out money at almost 0%. If they ever stop buying mortgages in the open market and interest rates go back up, the music will stop. Nobody will be able to afford to pay $1mm+ for a crappy fixer upper anymore and the rug will be pulled out from under the market… But Krugman approves…
How about a “Financial IQ” test before providing more loans?
For bankers? They’d flunk.
Bankers make everything in this country happen, stop acting like the liberal politicians Chris.
Dont worry! That $1mm fixer upper on Ole creek FEMA zone will be worth about $40k next year
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