3min chapter

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The Roaring Twenties And The Birth Of Consumer Credit - Martha Olney

The Joe Walker Podcast

CHAPTER

The Rise of Home Equity Lines of Credit

In the U.S., looking at the rise of the home equity lines of credit, you get a big credit driven housing bubble. That was that 20 year period, 1990 to 2010. People were taking out helox and then buying a boat or they were taking out a heloch and going to Europe. And people drove the consumer spending straight up through that use of home equity credit. But I tell you, living through the, the 1990 to 2010 period, it was a little bit of a pain to pay attention to issues around credit.

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