▲ 123 r/REBubble+1 crossposts

The new disconnect between mortgages and house equity

Something like 70% of house equity is debt-free in the US. This is a fairly major change from 50 years ago and has follow-on implications for things like where the price of houses will go if no new supply is constructed.

fredblog.stlouisfed.org
u/Junior_Abalone_8006 — 12 days ago
▲ 52 r/hiking

Gibbs Peak, La Plata Canyon, Colorado (abandoned 4x4 road + some hiking)

I live near this area. La Plata Canyon is an old mining area with some incredibly steep and rough terrain and a road system that wound all through the mountains but has largely been abandoned for 70 years. I like taking my Dad's old Grand Cherokee up and seeing how far up I can get. This time I had to reverse on a narrow road for a mile or two after encountering a washout. Took my two dogs up a side trail and ended up (nearly) summiting Gibbs Peak. The last picture is of the lower part of 'Pinball alley', near where they're exploring for another copper mine, which we could use.

u/Junior_Abalone_8006 — 2 months ago