Quote:
Originally Posted by SickGTR
It's hard to believe people are in such demand to buy everything. So many people were out of work and still not wanting to work. My guy who does refi-mortg said everyone is taking home equity loans out and buying cars, boats , shore house ect.ect Home values are so inflated that all the sudden people have 50,75 and higher equity. He also says when this bubble bursts ( which it will ) shit will then hit the fan. Be 2008 all over again. I hope he is wrong!! Just passing on what he told me
|
its like people have short memories. I refid during covid in june (from 30yr to 15yr for a much lower rate) and my broker was telling me i was one of the first to do a straight refi without taking any equity out.
you know what they say though, history repeats itself. At least we'll get a sequel movie to the big short out of it i guess.