“50 months of missed mortgage payments hasn’t translated into big savings.”
Probably 100K in payments, but even if they moved and rented a small(er) place at $1000 a month in rent, so at least 50K “saved”.
In San Diego, I’ve heard that some people “saved” over 2K month for years and then can easily afford to rent a house. Is that one reason why homes rent fast and rental rates are steady?
