Comments by "worn down" (@worndown8280) on "Should I Wait? How LONG Until We See Foreclosures?" video.

I think you are focusing on involuntary foreclosures. During the GFC many of the homes foreclosed on were voluntary foreclosures, aka, jingle mail. It remains to be seen how much that will be the case this time. But with inflation pushing more and more people to the edge, it may just not be an option to refi into a 40 year loan. Can you imagine a 40 year old couple refi'ing to a 40 year loan? They would be in their 80s before they paid their home off. Which means they cant really afford their how and better in letting it go. Also for those worried about the RIETs, during the GFC they lost on average 72% of their value. And they were better capitalized then than they are now.
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@gregorysagegreene Yea there is more sub prime auto loan now than there was sub prime home loans in 2006. Its going to be ugly.
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@gregorysagegreene Yea its going to be a dumpster fire.
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@gregorysagegreene I mean, ive been called worse. lol
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