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Message
re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 10:17 am to Areddishfish
Posted on 5/9/24 at 10:17 am to Areddishfish
quote:
homes carried loan balances at least 25% more than their market value
I wouldn't be able to sleep at night
2
Posted on 5/9/24 at 10:20 am to Antonio Moss
Got lucky with 2.5% in 2020. My home will always be viewed as a home and not an asset. $1100/month when apartments are $1600/month. Yikes
Posted on 5/9/24 at 10:28 am to Antonio Moss
quote:
homes carried loan balances at least 25% more than their market value I wouldn't be able to sleep at night
If you’re not selling your home in the next few years and your payments are made on time, does it really impact your sleep? Eventually it will catch up.
Do you care if your retirement account is down 25% one year if you’re not retiring for 15 or 20 more years?
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