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Message
re: Wells Fargo suspends new HELOC loans
Posted on 12/5/23 at 3:05 pm to stout
Posted on 12/5/23 at 3:05 pm to stout
quote:
I took it as money was too cheap for too long. The cheap money allowed house prices to far outpace wage growth and now if there is a correction you will have a lot of people with negative equity that will not be able to unload their houses.
This correction (if it happens) is going to flatline a lot of 50+ folks who bought houses way to late in life.
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