I'm not sure where you live, but where I'm from, the hip leverage of.choice was to take HELOCs (home equity line of credit), which a lot of people use to extrac

I'm not sure where you live, but where I'm from, the hip leverage of.choice was to take HELOCs (home equity line of credit), which a lot of people use to extract the "value" they have in their homes to help fund their lavish unsustainable lifestyles. The sh*t hits the bricks and their houses are underwater, they're now basically double screwed because the home is worth way less and they can no longer extract money from the home (possibly being unrecoverable crippled in debt)... It'll get real bad really fast if we're in for a notable correction.