The worst part is that this is happening to people buying much less expensive homes; anyone working a job for $50K+ has forces scrambling furiously behind the scenes to either move the job overseas or import foreigners to do it cheaper here, and any plans those American workers had are out the window. Here in NJ this has led to public-sector employees being our upper middle class, with some wealthy people on top, a growing class of illegals and welfare gibsmedats on the bottom, and a shrinking middle class of American taxpayers fleeing as fast as they can.
I know people in trouble with their mortgages, and they spent less than $250K on their homes; their jobs were pulled out from under them, and it can happen to most people. While people may point out their recklessness, understand that the lessons learned are having grim consequences; very few American children are being born to working parents, but rather to the gibsmedat/illegal segment of our culture - and those who are meticulously trying to plan out the next fifty years of their lives are footing the bill for them through income taxes and such.
So why is this the poster family for that. This is crazy.
I was in the lost-my-job camp. These folks don’t even look close to my situation. They’re skating with no end in sight, why are they rocking their own boat? I got to skate for a little while but ultimately the house went back to the bank.