Somewhat agree with this, there are tons of houses that haven’t even hit the market.
The housing market hasn’t even reached bottom because the government refused to put them on the market.
If they try to rent them out, then it is going to make all the landlords go bankrupt and they are the most likely to pay their mortgage because of the money they have invested.
So can’t do that....
SO you sell them, but who is going to pay on a mortgage for the next 15 years that is under water 15 years out by 40%? They aren’t, many are just going to walk away.
What ever is going to happen, lets just get it over with so we can move on.
Ay-men to that.
We've been trying to treat the cancer of insolvency with bandaids and Bactine, when only surgery will do.