You have to run a bank poorly, or your automobile plant poorly or buy a house you can't afford
How much do you think your house will be worth if 10%-20% of the houses in your neighborhood go into foreclosure and are sold at auction or sit vacant? Do you think you will get what you paid for it if there is a housing glut? The bail-outs of delinquent mortgages helps those of us who pay on time just as much as those who are behind.
How much do you think your house will be worth if 10%-20% of the houses in your neighborhood go into foreclosure and are sold at auction or sit vacant? Do you think you will get what you paid for it if there is a housing glut? The bail-outs of delinquent mortgages helps those of us who pay on time just as much as those who are behind.