Oh come on LA Renter, we are along way from the last veils of denial being ripped away. Two years at least. Especially if the Fed lowers interest rates. It won’t save the housing market, but it will prolong the wearing of veils.
As far as your 70 year old aunt, was she counting on the house as her retirement nest egg? Does she have a fallback? I wonder how many people are in this boat? My mom is 70 and poor, but at least she has me and a very kind ex-husband.
