Socrattt- Consider it an indicator, like all govt generated stats. And it’s always much lower than reality as both parties want to hide the truth from most people. I think it’s more useful to look at what our markets are doing. Equities are down $30T from the highs this year and most homes are down ~25%. This cannot be good for our future as the US is very much a “FIRE” employed economy now.
If roughly 35% of all morgages are upside down in CA and unemployment is rising, “Walk Aways” will take on a whole new growth pattern.
