I’m just glad I’m not the only one baffled here. It takes 4 missed mortgage payments to start going into a default and we’re talking a 30-year time line for things to go sideways. Yellow cab medallion drivers literally committed suicide after purchasing their medallion for a million after Uber/Lyft showed up.
So, yeah, I know I keep asking ‘how’, but really how? How is everyone’s head above water, how are they not being eaten alive?
I suppose infinite house price increase, eh? If there’s no risk to this, then I must be a fool for not buying the MAX amount my loan affords me. I always thought ‘hey I’ll get a loan, but no way on hell am I going to bid the upper limit’, but apparently, that’s what’s going on.
Just a little bit of dark humor, but those condo owners in Ukraine must be pissed as shit.