Most of us who purhcased a home in the last few years are on the verge of losing our homes.
This is the pessimism I alluded to earlier. Most is a pretty strong word in this context.
My guess would be that the percentage of those who lose their homes will be several standard deviations above the historical norm. Based on historical foreclosure rates, how many standard deviations would it take for most of the recent home buyers to lose their homes? Hundreds?
