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Her total mortgate exposure is $1.2m, not her currently owed amount. $24k is a yield of only 2% so yeah she's on razor thin margins... which does explain why s
by richthegeek 6y ago
Her total mortgate exposure is $1.2m, not her currently owed amount.
$24k is a yield of only 2% so yeah she's on razor thin margins... which does explain why she's immediately in jeopardy from the slightest economic wobble (not that this is a slight wobble).
- SketchySeaBeast 6y agoAh, that makes way more sense. Thanks! Me read bad sometimes.
- akgoel 6y agoThis really becomes a question of leverage. If she only put down 20%, then her return on invested capital is 10%.