Do you mean taking out equity loans or do you mean they simply didn't understand their own wealth?
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cash out refinancing on the collective assumption that there are never broad based declines in US housing values?
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In this case "net worth" largely means obligations pouring in from other demographics...
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The fact that millennials have largely failed to join the home-value pyramid scheme has largely ruined the plan...
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Households do tend to spend more with rises in housing wealth (real or perceived). Whether a good idea depends. Not in 2006!
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Would still to see the median net worth. Average tends to skew upward.
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also shouldn't boomer wealth go down as they spend money post-retirement?
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in fairness there was an entire industry devoted to turning that conflation into a home equity credit line / refi cash out.
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You mean the fact this it slides after '08 is no coincidence?
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@Noahpinion yeah but even if so does support disappointed expectations hypothesis around older Trump voterThanks. Twitter will use this to make your timeline better. UndoUndo
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