Are you going to stop paying your mortgage?
“Are you going to stop paying your mortgage?”
Unfortunately, my wife and I were one of the fiscally imprudent souls who bought a home we could afford and proceeded to repay the mortgage loan in-full after 13 years. Therefore, we will have the privilege of subsidizing all the “homeowners” with no equity who elect to default, sue there mortgagor and claim that the mortgagor defrauded them by lending them money to purchase a home. We will subsidize these poor oppressed darlings by having our real equity deflate to virtually nothing as the real estate market crashes.