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6 comments

[–] jobes [OP] 4 points (+4|-0)

As many as 30% of Americans with home loans – about 15 million households –- could stop paying if the U.S. economy remains closed through the summer or beyond, according to an estimate by Mark Zandi, chief economist for Moody’s Analytics.

30% failure of all mortgages, sheesh.

[–] ScorpioGlitch 2 points (+2|-0)

I had literally just refinanced like 4 weeks before this started in China. Got an incredibly low rate and I work in an "infrastructure critical"/essential field. The bank gonna love me.

[–] jobes [OP] 2 points (+2|-0)

They will be kissing your feet when you make your payments.

I was thinking about buying a few months ago, glad I didn't. Feels like home prices are about to plummet within 6 months.

[–] ScorpioGlitch 2 points (+2|-0)

Aye, but interest rates are going to be sky high since there will be so many people who were late on so many payments. Banks will, of course, take advantage of that.