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Started By
Message
re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 9:47 am to Areddishfish
Posted on 5/9/24 at 9:47 am to Areddishfish
Who gets the first bailout?
3
Posted on 5/9/24 at 9:50 am to bad93ex
quote:
Who gets the first bailout?
Looks like Louisiana will be first in line clamoring for fed dollars like normal.
quote:
Baton Rouge, La. had the largest share of seriously underwater mortgages in the first quarter, with 13.4%. Neighboring New Orleans came in second with 7.3%
This post was edited on 5/9/24 at 9:52 am
Posted on 5/9/24 at 10:30 am to bad93ex
quote:
Who gets the first bailout?
F that.
Buy or build a house within your means. I could afford double the house I have today, if I stretched my loan out to 30 years. And if rates were still in the 3s. However, I don't want a bigger primary house. I'd rather have a 2nd home in a different state in time.
But I am staying put where I am because of the rate I have (2.5 %) and I have 12.5 years left to pay (had it down to 6, but divorce caused a "ripple.")
This post was edited on 5/9/24 at 10:32 am
Posted on 5/9/24 at 10:58 am to bad93ex
quote:
Who gets the first bailout?
Blackrock.
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