Homeowners are sitting on more than $35 trillion in equity



Homeowners are sitting on more than $35 trillion in equity

https://fortune.com/2024/10/01/homeowners-trillions-of-dollars-in-equity/

by FUSeekMe69

9 comments
  1. They should tap that equity with loans and use it to buy more housing. Increasing the value of their original equity by making housing more expensive, so they can tap that equity with loans to buy more housing.

  2. Democrats eyeing this for the “wealth tax”. they aren’t coming for the billions wealth, they are coming for yours.

  3. Every product, services, and leisure company along with their CEOs are licking their lips waiting for home owners to tap and spend that equity.

  4. I mean not really.

    Rent Seeking Corporations are artificially inflating home values. Yeah, you can borrow money, but you still need a place to live.

    If you’re old and dying sure, sell your house to a mega corp so they can turn your kids into serfs. Hope you’re proud of yourself. Say hi to the red man, and I don’t mean Santa Claus.

    Everyone else, we’re boned.

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