I think this is total bullshit. I saw homes in my neighborhood that were WAY out of any conceiveable budget being bought by families who can not possibly have believed they could afford them. I don’t care who wants to claim lenders were greedy and lied - no fricking way someone driving a beater car thinks they can live in a $450K house. The lawns were destroyed in one summer, landscaping died, some of the houses look years old instead of new. How the heck a brick home can look worn after just a short time is beyond me.
“How the heck a brick home can look worn after just a short time is beyond me.”
Easy. No equity. The “owners” have ZERO invested. Nothing more than rental property....