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Red · 05-30-2012, 05:12 PM

Maybe the banks are preparing for a RE downturn in excess of 30%?

With the population maxed on credit and housing stagnant the HELOC is not going to keep the economy going any longer.
The HELOC gave them a decade of huge consumer spending. Time to let people save a bit and learn again what cash is.

This is good news.

05-30-2012, 05:12 PM	#42
Red Lifetime Suspension Join Date: Oct 2001 Exp:	Maybe the banks are preparing for a RE downturn in excess of 30%? With the population maxed on credit and housing stagnant the HELOC is not going to keep the economy going any longer. The HELOC gave them a decade of huge consumer spending. Time to let people save a bit and learn again what cash is. This is good news.