Quote:
Originally Posted by joey2665
I’m sorry but where exactly are you getting this statistic from? I find it extremely hard to believe people are pulling enough equity from there primary homes to buy a vacation home around the lake for cash. Maybe pulling equity out for a down payment I could easily see but enough to buy here in cash is highly unlikely for most.
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This whole house of cards will fall when the next recession hits. No one ever really knows what causes them until after they hit but it will happen. It's unfortunate but there are winners and losers when the dust settles.