[quote=briansd1]jp, people who are strategic defaulter will default no matter what. Lowering mortgage rates for them makes no difference. They have already defaulted.[/quote]
But the plan was to lower rates to help the economy, discounting that the economy has been doing as well as it is, partially due to people having spendable income, i.e., mortgage-free for at least the past 2 years.
Maybe b/c sdr has his rich, elite friends who would never do such a thing, he thinks everyone else is in that boat. That’s not what I’m seeing. I named the one realtor, but I know many more out there. The one realtor just hasn’t received the NOD, but others have and still not foreclosed.
Maybe I just know the handful of people in all of California, in all of the U.S. that is living mortgage-free. I seriously doubt it.
