Quote Originally Posted by Tellos Athenaios View Post

You think you had it bad with all the foreclosures? Deflation of house prices means that the greater value of a house compared with the attending mortgage contract is rapidly eroded away to the point of the loans exceeding the value of the mortgaged property.
I don't own a home. I'm psyched about a collapse. No debt, a degree and and I live in an overpriced area of the country. We need a few hundred thousand dollar correction. Let the chips fall where they may.