Using Home As ATM HIGHEST Since 2007! Global Real Estate SLOWDOWN From U.S. To Hong Kong!

Is global real estate slowing down? Or is this just a bump in the road?

We are currently in the maximum amount of debt we have ever been in history. Look at it on all levels. It’s never been this bad. They cover up this data by not factoring in real estate. People have used the equity in their homes to finance the purchase of cars, renovations, vacations, and other expenditures they didn’t save cash for. The home has become the new ATM and right now it’s the worst it’s been since 2007. This happens to coincide will a global real estate slowdown. Does that concern anyone else?

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Borrowers Are Tapping Their Homes for Cash, Even as Rates Rise

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$50 million Lincoln Park mansion — Chicagoland’s priciest listing — taken off the market – Chicago Tribune

www.chicagotribune.com/classified/realestate/elitestreet/ct-re-elite-street-lincoln-park-mansion-off-market-20181126-story.html

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The U.S. Housing Boom Is Coming to an End, Starting in Dallas

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Hong Kong’s Housing Market Is Suffering Worst Declines Since ’16