Trump Invective Posted January 2, 2019 Share Posted January 2, 2019 Hi all happy new year! Can anyone explain Housing Equity Withdrawal q/q from forex factory calendar to me? It seem that the figure was + until the financial crisis and - ever since. Last release on 31 December was -8.5B on expected 6B. Have people withdrawn less from the value of their houses since 2008 or more? Cheers Quote Link to comment Share on other sites More sharing options...
Little Professor Posted January 3, 2019 Share Posted January 3, 2019 MEWing was a big thing before the financial crisis - treating your house as a piggy bank. Since then it's not been a common occurence - people have focussed on paying down existing mortgages Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted January 4, 2019 Share Posted January 4, 2019 15 hours ago, Little Professor said: ....people have focussed on paying down existing mortgages ...and trying to eat, now realising debt is bad. Quote Link to comment Share on other sites More sharing options...
Wayward Posted January 4, 2019 Share Posted January 4, 2019 (edited) 18 hours ago, Little Professor said: MEWing was a big thing before the financial crisis - treating your house as a piggy bank. Since then it's not been a common occurence - people have focussed on paying down existing mortgages Yes at the expense of renter / worker / savers. UKGOV deliberately picking and choosing winners and losers and lavishing privileges on favoured groups. Edited January 4, 2019 by Wayward spelling Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 4, 2019 Share Posted January 4, 2019 4 minutes ago, Wayward said: Yes at the expense of renter / worker / savers. UKGOV deliberately picking and choosing winners and losers and lavishing privileges on favoured groups. Or as George Osborne preferred to call it: austerity. Quote Link to comment Share on other sites More sharing options...
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