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Default Homeowners are sitting on $5.4 trillion in ready cash, the most ever

On Tue, 3 Apr 2018 07:08:07 -0400, "BurfordTJustice"
wrote:

Homeowners are sitting on $5.4 trillion in ready cash, the most ever
a.. The amount of equity today's homeowners are able to tap is at the
highest level on record.
a.. The collective amount of tappable equity is now an estimated $5.4
trillion, which is 10 percent more than at the pre-recession peak in 2005.
a.. Unlike during the last peak, homeowners today are far more conservative.


I think they remember what happened to those people who did suck all
of the equity out of their homes last time. Some are still living in
their car.
 
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