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Namely this passage from the wiki, is what makes me wonder:

A virtual end of inflation in the American economy, together with overbuilding in multifamily, condominium type residences and in commercial real estate in many cities. In addition, real estate values collapsed in the energy states – Texas, Louisiana, and Oklahoma – particularly due to falling oil prices – and weakness occurred in the mining and agricultural sectors of the economy.

I'm not at all familiar with S&L beyond the name and want to know more.

Namely this passage from the wiki, is what makes me wonder: > A virtual end of inflation in the American economy, together with overbuilding in multifamily, condominium type residences and in commercial real estate in many cities. In addition, real estate values collapsed in the energy states – Texas, Louisiana, and Oklahoma – particularly due to falling oil prices – and weakness occurred in the mining and agricultural sectors of the economy. I'm not at all familiar with S&L beyond the name and want to know more.

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[–] • 1 pt (edited )

You can't convert your house to profit unless you don't plan to live indoors anymore. Sure, I can sell my house for over a million today, but that means nothing when I have to spend that much to replace it. In fact, I come out behind because my property taxes will go from being based on a $500,000 value to a $1,000,000 value.

Wealth locked up in a primary residence is about as illiquid as assets get. The only feasible way to leverage that wealth is to take out some kind of loan (refi or HELOC), which actually decreases your net worth.

[–] • 0 pt

YOU can't, but a corporate entity that owns a number of houses probably can, especially if the rents have been subsidizing any payments necessary to maintain the properties.

For us plebs, it's usually a zero sum game unless we die and leave it to someone else.