Americans In MASSIVE DEBT Using Their Homes As An ATM and Credit Card Debt SKYROCKETS!

in #debt7 years ago


What do you do when you have no money, but you own a home? Well the financial advisors will tell you the best thing to do is to pull as much equity as you can out of the home because housing prices will always rise. Nothing bad ever happens in the housing market they say. Hmmm...where have I heard that one before?


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Sources Used in This Video:
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Cash-out mortgage refis are back — will homes become ATMs again? - MarketWatch

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Few Americans have enough savings to cover a $1,000 emergency

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Housing Finance at a Glance: A Monthly Chartbook, March 2018
https://www.marketwatch.com/story/cash-out-mortgage-refis-are-back-will-homes-become-atms-again-2018-03-30 https://www.cnbc.com/2018/01/18/few-americans-have-enough-savings-to-cover-a-1000-emergency.html https://www.urban.org/sites/default/files/publication/97491/housing_finance_at_a_glance_a_monthly_chartbook_march_2018.pdf


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The bubble of all bubbles will soon pop and no one, no institution, no government can stop it from the total collapse.
The question to us all: "Are you prepared for that?"

good job

I see a lot of homeless in the streets. This is getting ugly.

NONE of your VIDEOS are working , and its not DTUBE because other sites are playing .