[quote=svelte]
Those are HUGE loan amounts! The mortgages must be astounding!
You can’t tell me those folks won’t be going under if they become unemployed. If they had any savings, I doubt they would be getting such huge mortgages.
It all hinges on what happens with the unemployment rate…watch that closely…[/quote]
I said this:
[quote=AN]I hope I made it clear enough to you that I think LTV is more important in term of guessing who has more staying power than just loan amount.[/quote]
So, are you saying total loan amount will have a better indication of holding power vs LTV? BTW, who cares what the average is. I’m not debating the fact that most if not all of the people who have high LTV have very little to no holding power once unemployment hit them. We already established that svelte and those who are financially conservative are the minority and this group of houses shows that. Also, you basically just proved my point that high LTV are just as damaging on the high loan amount as low loan amount when unemployment hits.
