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Banks are Done Playing Games - Subprime 2.0
Description
The real estate crash no one is ready for is here, and it’s going to shake up the market like never before. In today’s video, I’m breaking down why this crash could make the 2008 subprime mortgage crisis look mild. With over a million FHA loans substantially late, skyrocketing mortgage debt, and banks refusing to kick the can down the road any longer, we’re heading into uncharted territory. From rising foreclosures to layoffs impacting homeowners’ ability to pay, this is the reality many are facing right now. Plus, I’ll cover how certain areas like California may see the steepest declines in home values and why temporary solutions like interest rate buy-downs might not save the day.
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