Why you think the market is closed on christmas eve? I wouldn’t worry about being foreclosed if your mortgage goes underwater due to the value dropping. There would be an overall system wide positive change to the financial system if he does this
I don't think they're going to crash the housing market. Perhaps you will end up with a house worth less than you paid for it, but quality of life would not be affected. For example a plate at your favorite restaurant is 100$ and your house is worth 100k. CCP property is seized and now your house is worth 80k but the plate is not $60, because workers can afford to live for less and the rent for the restaurant is low. Also your taxes would be relative to the drop in value, but it's all relative. Unless you speculated on a house to sell it at a profit in the short term, you'll befine
Why you think the market is closed on christmas eve? I wouldn’t worry about being foreclosed if your mortgage goes underwater due to the value dropping. There would be an overall system wide positive change to the financial system if he does this
I'm not worried about losing my place to stay, I'm worried about loosing the 6 figure value that I've been investing in for a decade......
I don't think they're going to crash the housing market. Perhaps you will end up with a house worth less than you paid for it, but quality of life would not be affected. For example a plate at your favorite restaurant is 100$ and your house is worth 100k. CCP property is seized and now your house is worth 80k but the plate is not $60, because workers can afford to live for less and the rent for the restaurant is low. Also your taxes would be relative to the drop in value, but it's all relative. Unless you speculated on a house to sell it at a profit in the short term, you'll befine