With covid19 and people out of work.
What will happen with pricing of homes?
Another 2010 melt down?
I’m in middle of refi and maybe heloc to have $ on hand to buy another house.
What you guys think ?
Yes, another melt down. It's inevitable. Depends on your financial position. I would not borrow to buy. Pay cash. If you have to borrow, you are increasing your risk. What happens if equity tanks or bank calls your HELOC?
Don't have a HELOC and so long as I keep paying (I have enough, right now for 1 year's worth of payments) I'd have to think my bank will bend over backwards to keep me from losing it.
They will for a lot of people.
The LAST thing banks will want right now is housing they need to sell.
