Quotes from the Great Recession
I unfortunately didn’t have any money to invest with during and immediately after the great recession. Therefore I don’t really have any first-hand experience. However I hear people saying things like “ the banks didn’t give out any mortgages in 2009 and 2010!!!”
Can you folks please speak as to what extent to which the above statement is true?
I have a line of credit worth around $100,000, abs I would assume that even in dire financial situations 1) my line of credit would still exist albeit pitentially at a higher interest rate and 2) banks would give me a mortgage if I put down 25%. However, maybe I’m wrong? I’m looking for people who actually were obtaining mortgages and using lines of credit in those dark years rather than conjecture. Thanks!