[quote=temeculaguy]Not the canned food thing again!!! Everything will be fine, regardless of what happens. Some areas have seen 50-60% drop from peak and no riots, there is still food. Does anyone ever consider who gets involved in riots? 16-25 year old unemployed males are the driving force in most any riot.[/quote]
Not when it comes to being displaced from your home due to foreclosure/eviction. You should read the link I posted above.
We haven’t seen any major civil unrest because the people that have been displaced thus far are people that put 0% down and were basically renting.
If we cut into “real” equity – people that have been paying on-time for 15 years see their equity disappear, it could be a different story. Especially against the current backdrop of no-consequence walking away. We’ll see…
