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A comment on Rising Rents Are Pushing More Tenants Past the Breaking Point. Parent comment

Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by toomuchtodo on Thursday October 26, 2017 @02:12PM (#15561490)
> Odds of having to declare bankruptcy in this scenario are high.

Not at all. If you could not afford your property because of a loss of income, you are eligible for another mortgage after a short sale or foreclosure within a year. If you can't document a loss of income, its only 3 years to get another mortgage.

Temporary credit damage? Indeed, but not necessarily bankruptcy.

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Re:Rising Rents Are Pushing More Tenants Past the Breaking P... by billmalarky on Thursday October 26, 2017 @02:16PM (#15561524)
Of course. I was wanting to keep my example reductionist on purpose to answer mrow84's question in an easily understandable way.
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