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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, d
by kyrieeschaton 6y 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.