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Message
re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 12:46 pm to lsufan1971
Posted on 5/9/24 at 12:46 pm to lsufan1971
quote:
We are getting close to 2007 numbers. 2008 is when the bottom started to fall out.
The big difference from ‘08 is you could walk away from your mortgage and slip into a rental with a substantial savings.
Anybody unable to pay their current mortgage at 3% is also unlikely to find any rental they can remotely afford.
Nobody is vacating their home this time unless physically removed.
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