It sure will help with everyone's upside down mortgages unless you have an ARM . A couple of years ago I was cleaning out a bunch of junk out of my house and found a mortgage receipt for my parents house. It was 120 bucks a month. Exact same house today would be about 800-900 a month.
Most assets are always worth about the same relative wise. It just depends on when you get out how much cash you will end up with.
Was feeling half full today. Normally that sort of thing depresses the hell out of me.
I agree it is a good video. There is no nice way to unwind the mess at this point. There are going to be many people out of a job because of this.
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Re: MeltUp
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. A couple of years ago I was cleaning out a bunch of junk out of my house and found a mortgage receipt for my parents house. It was 120 bucks a month. Exact same house today would be about 800-900 a month.
