RE: Report Shows Americans Refinanced to Pull Most Cash Out of Homes Since 2007

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Report Shows Americans Refinanced to Pull Most Cash Out of Homes Since 2007

in hive-167922 •  5 years ago 

Is this a good thing or a bad thing? Seems the latter since home owners is leveraging more than they did in 2007. A start of a bubble burst?

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Its interesting data because it doesn't necessarily mean the wheels are going to fall off but it does mean the getting has been good and as we know the party can't go on forever.

If they took the cash out it continues the debt cycle. If they (home owners retained their equity, that would like be a boost to the economy for the longer term)