Home › Forums › Housing › The foolish mindset of ” fewer underwater homes”
The press is alive today with stories that fewer homes are underwater.
The good press notes that this is due to an increase in foreclosures.
Whats missed is the sidebar ” this is not due to price increases” As if price increases is the only reason to buy houses.
Why can’t fewer homes be underwater because people are paying off their mortgages?
The press buys into the notion of lifetime debt