Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "What I don't get: When people complain that they are drowning because their house is underwater"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]I don't understand people who bought homes with balloon mortgages and then when the payments ballooned, they suddenly can't afford it. Barring extraordinary circumstances like a job loss or something similar, people surely crunched the numbers and determined whether they could afford the increased monthly payments that they would eventually be owing.[/quote] Because i think a lot of people figure by the time the payments ballooned they would either #1 sell the house or #2 refinance. However then they find out their cant do either and are stuck with it. Like someone else said, realtors push to sell higher priced homes because they make more profit. They win, you lose. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
