July 10, 2018 | Jeff Hallman
An interesting infographic from  our Affiliate Partner KCM, prior to the housing bubble, many homeowners used their home equity to buy depreciating assets, but today, many homeowners are using their home equity to pay off high interest debts, like credit cards. A client just asked me Sunday if we are in a repeat of 2008, and I told him that I don't see many people buying and flipping homes like they did in 2006 and 2007, particularly those home buyers did not even live in them but used the high appraisal to borrow against them and then buy another...creating a house of cards per say. 99% of our buyer's today that AGENT509 has worked with, are living in their home as a first or second home. All the best!
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