130 bil seems very conservative.
There were probably 200K houses bought or refinanced during the boom in San Diego County. Each one of these lost, on average, 200K of value. On each house that goes into default, lender will lose additional 50K in lost interest, legal fees, agent commissions (if the house ends up foreclosed), etc. That’s 50 billion of losses in a single county.
130 bil seems very conservative.
There were probably 200K houses bought or refinanced during the boom in San Diego County. Each one of these lost, on average, 200K of value. On each house that goes into default, lender will lose additional 50K in lost interest, legal fees, agent commissions (if the house ends up foreclosed), etc. That’s 50 billion of losses in a single county.
130 bil seems very conservative.
There were probably 200K houses bought or refinanced during the boom in San Diego County. Each one of these lost, on average, 200K of value. On each house that goes into default, lender will lose additional 50K in lost interest, legal fees, agent commissions (if the house ends up foreclosed), etc. That’s 50 billion of losses in a single county.
130 bil seems very conservative.
There were probably 200K houses bought or refinanced during the boom in San Diego County. Each one of these lost, on average, 200K of value. On each house that goes into default, lender will lose additional 50K in lost interest, legal fees, agent commissions (if the house ends up foreclosed), etc. That’s 50 billion of losses in a single county.
130 bil seems very conservative.
There were probably 200K houses bought or refinanced during the boom in San Diego County. Each one of these lost, on average, 200K of value. On each house that goes into default, lender will lose additional 50K in lost interest, legal fees, agent commissions (if the house ends up foreclosed), etc. That’s 50 billion of losses in a single county.