Re:It can all go to zero
by rpedela on Tuesday January 16, 2018 @10:37PM
(#16165267)
> You still have a house to live in, no matter what it's worth.
Maybe. If you actually own the house, sure. But many people had a mortgage, lost their jobs, and they couldn't afford the mortgage any longer. Additionally you can borrow against the value of your house. But since that house was practically worthless, they couldn't borrow to get through the job loss.
Maybe. If you actually own the house, sure. But many people had a mortgage, lost their jobs, and they couldn't afford the mortgage any longer. Additionally you can borrow against the value of your house. But since that house was practically worthless, they couldn't borrow to get through the job loss.