Quote:
Originally Posted by photon
If your house has gone up 125% and it's gone down 5% in the past few months, then I'm sure some people would still be satisfied with 120%  |
True that. But if they bought, say 3 months ago and the market continues to erode, they will be sending the bank alot of money that selling the house will never recover.
Is it wrong to hope that the market suffers a dramatic drop so people walk away from their mortgages? I really need to move out of my basement suite!
