Comments by "BrickTop" (@bricktop7803) on "The Numbers Don’t Lie" video.
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Dan, there are over 50% of current US mortgages where the people are underwater, its in a BlackKnight article.
They are treading water and about to drown, as greed wins over common sense.
They will have NOTHING in 6 to 12 months time, NO job and NO house and probably no marriage.
They can sell now and walk away with a good profit, rent for a few years and pick up a bargain. They bury their heads in the sand and do not look at the state of the Global and US economy. The Us property bubble and economy is going to implode like NEVER before.
That is one thing about the FED and high interest rates, once unemployment rises, they cannot control it, and the FED will hope its going to be short and sharp....nope, this one is looooong and deep. The FED has never been in control of the economy, not one with this level of debt,,,,never, Not even 1929.
I sold up my properties and got out. Am done with that and going to enjoy life.
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