[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=bewildering][quote=deadzone] But the wildcard is how much stress will occur due to other debt, job losses, huge losses in stock portfolios, etc.[/quote]
Yes. I do wonder about households. Hopefully, most people didn’t overextend to buy properties. My worry is that a serious recession will hurt families that needed two wage earners to afford even the low-interest mortgage.[/quote]
I think the reality is many people did over-extend and continue to be up to their eyeballs in dept. That is the American way. That’s why we are in a bubble and when bubbles pop there is no such think as a “soft landing”.[/quote]
No one cares what you “think” you have no data to support that[/quote]
There is plenty of data out there, not just my opinion.[/quote]
What’s the % of home owners are over-extended and up to their eyeballs in debt? Last I check, it’s much harder to get a loan today than 15 years ago. No liar loans, no no-docs loan, have to have a good LTV and cash reserve. So, would love to see data on this statement.
I sincerely hope you’re right and we’ll see another 2008 style crash. Although, it seems like you think it’ll be even worse. Fingers cross that you’re right.
