3 ms·
If the house was worth $2 million when the owner bought it then they are rich or they’d have never gotten a mortgage. If they are fully leveraged because they’v
by bradleyjg 6y ago
If the house was worth $2 million when the owner bought it then they are rich or they’d have never gotten a mortgage. If they are fully leveraged because they’ve already pulled all the equity out—-well where’s that money?
I’m sure you can find some obscure edge case somewhere but by and large people that own things that are worth a lot of money are rich and don’t especially need our sympathy. Let’s save that for all the actual poor people out there that don’t own houses, much less multi-million dollar houses.