Home equity wealth in America is booming

[JenniferJuniper]

3. In many areas inventory is severely limited

and the competition is driving prices even higher.

I'd love to sell my house that is now too big for me and use that equity to downsize and eliminate a mortgage. But there is literally nothing out there I'd want and if something does pop up, it's gone almost instantly. So the cycle continues and my house, which I know a growing family looking for something bigger would snatch up in half a minute, stays off the market.

And meanwhile so many young people can't come close to coming up with a down payment for even a starter condo. When this crashes, it's going to crash spectacularly.