Yup. We are seeing this very issue in our subdivision. People bought too high and cannot afford those homes. NO option to refi with interests at 7%! We live in a small subdivision of maybe 50 homes, and there are 2 that I suspect may be just abandoned but I am not sure. They have been on the market for several months and no one is a…
Yup. We are seeing this very issue in our subdivision. People bought too high and cannot afford those homes. NO option to refi with interests at 7%! We live in a small subdivision of maybe 50 homes, and there are 2 that I suspect may be just abandoned but I am not sure. They have been on the market for several months and no one is around them. There was some article my husband was reading about vehicle repossessions already ramping up this past August/September especially in the south/southeast part of the country. Buckle up……this is going to be ugly.
Yup. We are seeing this very issue in our subdivision. People bought too high and cannot afford those homes. NO option to refi with interests at 7%! We live in a small subdivision of maybe 50 homes, and there are 2 that I suspect may be just abandoned but I am not sure. They have been on the market for several months and no one is around them. There was some article my husband was reading about vehicle repossessions already ramping up this past August/September especially in the south/southeast part of the country. Buckle up……this is going to be ugly.