Yes, These corporate types will walk in a serious correction, decoupled from the effects, but still losing their equity. Individuals will lose their equity and

Yes, These corporate types will walk in a serious correction, decoupled from the effects, but still losing their equity. Individuals will lose their equity and may lose all assets - depends on the fine print in the mortgage what the mortgagee has signed. Too many people walked in the past 2 crashes, so banks etc put deep asset hooks in the print so walkers could get chased for all their assets(subject to prior mortgages) That is why lenders are getting warier as the peak grows higher. It is an analog of the past collapse, using capital pooling for purposes the sea of individuals never anticipated, and if and when there is a collapse it will create a new class of poor....