Quote:
Originally Posted by GregE
Three words: Upside down mortgage
What made this last recession especially bad was that the ability to simply pickup and move is no longer a viable option for all too many.
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That is not forced on anyone, that is their choice. If people continue to buy houses and things which they can't afford then there will continue to be a problem.
You can choose to live with in your means and have money set aside for bad times or you can live pay check to pay check working as a slave to pay for shit you can't afford.