No one that bought a house to live in got wrecked, they are living in the house they pay for. Only people that saw houses as investments (very wrong view) lost money.
I think a lot of first time home buyers got in this situation where they just wanted a house and didn’t think about whether the market was inflated.
Look up Negative Amortization. It’s absolutely gross.
Look up Negative Amortization. It’s absolutely gross.
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