spacecrime
Veteran Starter w/Big Long Term Deal
- Joined
- Sep 13, 2004
- Messages
- 8,325
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Re: NFL: $9 Billion in Debt
If someone bought a house years ago, even if they financed it at 100% at the time, it is worth a LOT more than they paid for it. Also, the value of their house is not tied to their working or not working.
Foreclosures are not skyrocketing, unless you definition of skyrocketing is "about the same as they have been in recent years."
Double b.s.And if they get laid off their house which has lost value in a down RE market that had overheated beyond reason just a few short years ago is worth less than they owe on it and that is why forclosures are skyrocketing.
If someone bought a house years ago, even if they financed it at 100% at the time, it is worth a LOT more than they paid for it. Also, the value of their house is not tied to their working or not working.
Foreclosures are not skyrocketing, unless you definition of skyrocketing is "about the same as they have been in recent years."