FReepmail Antoninus to be added or removed.
I totally agree. (on the $4 per gal gas kicking off the mortgage crisis) When you are filling two, or more, cars per week at $4 per gal. it really adds up. Suddenly there is no wiggle room in the budget. Then somebody loses a job and it’s crisis time.
The development was pitched exclusively to Marylanders, who thought that the $250 - $350K McMansions on quarter acre lots were a bargain even though they were at least $100K overpriced by Pennsylvania standards.
They could handle their interest-only mortgages AND their 80 to 120 mile daily commute UNTIL the gas price spiked. Then we started seeing a full newspaper page of just these properties being Sheriffed.