When the U.S. housing market collapsed in 2007, the value of the coastal Alabama cottage he bought for $137,500 fell far below the amount he borrowed to buy it—at one point, nearly $70,000 below.pic.twitter.com/MG4eP8w8ti
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
When the U.S. housing market collapsed in 2007, the value of the coastal Alabama cottage he bought for $137,500 fell far below the amount he borrowed to buy it—at one point, nearly $70,000 below.pic.twitter.com/MG4eP8w8ti
Almost 8 million people would lose their homes to foreclosure in the decade to follow. Dezember, who moved away for a job opportunity, was able to hold on, but watched his savings drain away while he rented the home out at at loss.
Selling in an oversaturated market was not an option for Dezember. Meanwhile, the neighborhood suffered: the opioids epidemic creeped in, renters stole the washer, weed-ridden homes nearby stood empty.
Finally, after nearly a decade, light appeared at the end of the tunnel. Read the rest of the story:http://on.wsj.com/2BvwHMq
1st Afghanistan 1st Iraq 1st Syria 1st Palastine 1st libiya 1st PAKISTAN and then 1st America hahaha
wt ajoke joke u are nt civilized u are Barbaric
Amazing story. Very well written. Resonated with me in an unbelievable way. I remember -and I felt the pain too. Happy to know you got out and now you are free. So many people are stuck. I believe that many people will no longer purchase but will become renters for life.
True but the Credit Card Bill...& Dodd Frank caused the situation ..Yes some were bad Mortgages but they were wrapped up in the first year of Obama passing the Credit Card bill. No One has addressed that Bill yet (Credit Card bill) which allowed banks to close down all credit
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.