3 ms·

Rich people have unserviced debt? Wouldn't that make them poor people?

• lsaferite 7y ago
  That would make them highly leveraged people. /s (kinda)
• kyrieeschaton 7y ago
  Tons of nominally asset-rich people find themselves with negative cashflow and in a personal debt crunch, even with positive net worth (or plausibly positive, depending on what assumptions you make about values in an illiquid market). You're going to see a lot of this in the near future as the real estate market implodes.