SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Deflation
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JF Quinnelly who wrote (340)3/2/2007 9:57:45 PM
From: Ilaine  Read Replies (3) of 621
 
Bankruptcies are slow now but I am dealing with one that promises to be the first of many.

The couple has a high income (let's say $150K), but $100K in credit card debt, and a house that they paid $500K for with an interest only loan, but the house is now only worth $450K.

They can't sell the house or refinance because it's worth less than the mortgage, and they can't borrow any money to make up the difference and get rid of the house.

Fun city.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News