09/25/2026
I got asked twice this week if we’re headed for another 2008. I was in the thick of it, personally and professionally. This ain’t it.
Mia could have qualified for a duplex back then. Equity vanished overnight. Banks were closing left and right. No joke, people were ripping the toilets and light fixtures out of their homes before the bank foreclosed.
Now? Inventory is tight and everything’s expensive. Four tiny tacos at the bistro cafe at Nordstrom cost me $20 last week. Meanwhile the Pollo Bowl is still $5.49. Bless them.
But people still have equity, and options.
Last week we helped a client with a 2.75% first mortgage and a pile of credit card debt. We didn’t touch the first. Got them a HELOC in a couple weeks, and now they can breathe.
2008 was scary and there weren’t a lot of options. This market, you have them.