Home Equity … From Negative to Positive
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Credit score is non-issue since they can just buy back into the housing market in a few years when housing is actually affordable in terms of absolute PRICE vs. the seductive “affordability products” that lenders were hustling. Lower housing prices are good for the nation since they allow the nation’s capital to flow into productive assets (like small businesses) instead of the perpetually trading of houses back and forth at ever increasing prices with no mooring to economic fundamentals (i.e., the housing bubble).
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