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Doesn’t this depend on whether those homeowners have borrowed against their (rising) equity? I wonder what fraction of homeowners actually do so. Personally I
by haram_masala 5y ago
Doesn’t this depend on whether those homeowners have borrowed against their (rising) equity? I wonder what fraction of homeowners actually do so. Personally I wouldn’t dream of it, so rising prices don’t really affect my lifestyle at all.
- chii 5y agoA lot of home owners use their equity to invest (typically, in another property).
- MomoXenosaga 5y agoI think a lot of people see their family house as their pension plan. A house is an asset now.