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Message
re: Wells Fargo suspends new HELOC loans
Posted on 12/6/23 at 6:59 am to JoeDirt
Posted on 12/6/23 at 6:59 am to JoeDirt
quote:
What I can’t wrap my head around is if home prices are rising- why are people going down with the ship?
Why not just easily unload your asset, maybe stack a little cake on the way out, and live to fight another day?
It’s a bit too hard for me to believe.
You still have to pay to live somewhere. I could sell my house but why? I can easily afford to keep it and I don't want to go back to an apartment.
I bought my house 5 years ago before prices got insane and I have a 3.6% rate. No reason to leave.
Unless you are talking about the covid buyers.
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