Thursday, May 14, 2020

The bottom is now, with a tick mark shape recovery with 10% MOM growth

Yahoo Finance: Delinquent mortgages spike in April amid pandemic, study shows

I do understand this is for US market, with over 30 million people loosing their jobs,
I'm not sure who are buying this homes at an increasing prices? How these numbers can even be arrived at. Would people in difficulty not try to sell to whatever they can get and move on. During the 2008 crisis everything was so leveraged that when only few people started to fail the dominoes started to unravel very quickly.
Now the debt level are even higher in the system, not sure how this is even possible?

Posted by deepak @ 10:40 PM (862 views)
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