It’s still the same problem we had 2008 and 2009.
Nothing has changed much, no one wants to talk about it either.
it’s still the same problem, HOUSING !!
In CA approx. 30 % of home owners with a mortgage owe about 100K more than they can sell for, sorry you just cannot have an economic recovery in conditions like that.
It’s just not the underwaters it’s also everyone who paid more than what they can sell or just feel they should get more it’s an emotional thing, they are just going to sit and save because they feel bad.
