13 ms·

> What are they going to do, live in a van down by the river? Rent?

• m00x 4y ago
  Rentals in the near-future will be of higher cost until re-adjusted or if the demand goes much lower. Also, renting with a bankruptcy on the record could be challenging.
  • dvt 4y ago
    Not trying to patronize, but going underwater does not mean bankruptcy. The only way people are going bankrupt is if they can't afford their mortgage (e.g. they lose their jobs). The job market is extremely hot right now, so it's unlikely we'll have bankruptcies. Worst case scenario, homeowners contribute more to their loan than to house equity every month. Yeah, that kind of sucks, but still way better than renting or being homeless.
  • UncleEntity 4y ago
    Pretty sure after a pandemic and (potential) crash nobody is going to care if you have a bankruptcy in the last several years.