Wall Street wants your home
Wall Street's Next Big Bet Could Revolutionize Homeownership
The Lede
Though home-equity investments remain niche, the emerging industry is raising some concerns. Consumer advocates and financial advisors are worried that homeowners might not fully grasp what they're getting into or lack the financial acumen to decide whether the deal is right for them.
Key Details
- Between the beginning of 2020 and the third quarter of 2023, US households gained a staggering $12.6 trillion of equity in their homes.
- But there are all kinds of reasons β such as poor credit or unstable employment β someone might have a hard time tapping into their equity.
- The success or failure of home-equity investments could shape the future of homeownership in America.