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by anigbrowl 4376 days ago
Wage freezes at nominal values which did not keep pace with inflation during the 2000s, I'd guess.
1 comments
alexeisadeski3 4376 days ago
Converting home equity to consumption is my guess.

Remember HELOCs?

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Paul_Dessert 4376 days ago
HELOCs are back and bigger than ever!

Home-equity lending surpassed 2009 levels in 2013, with $111 billion in new home equity lines of credit (HELOCs) opened. In the fourth quarter, new lending increased 43% from quarter four 2012, according to data from Experian-Oliver Wyman Market Intelligence Reports and Experian’s IntelliView tool.

http://www.marketwatch.com/story/helocs-made-a-comeback-in-2...

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alexeisadeski3 4376 days ago
Haha awesome.

Though I imagine that surpassing "2009 levels" is not very exciting. Wake me up when they surpass 2005 levels!

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