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re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 1:21 pm to Bard
Posted on 5/9/24 at 1:21 pm to Bard
quote:You said "these statistics would quickly increase" if we went into a recession. The stats in question pertain to LTVs. How would LTVs increase if house prices didn't go down?
No, nor did I say that a recession necessarily means lower house prices.
In this instance, it may but it's going to depend on how things play out. If the consumer debt bubble pops, if Unemployment goes too high for too long, etc.
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