2017 GOP Tax Cut & Jobs Act: Republican majorities to vote on extension in 119th Congress before expiration on 12/31/25

hashmander

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home values are not an issue if you can afford your mortgage. the reason home values became a problem for a lot during the 2007-08 crash is the only way those people were getting in homes (ability to afford the mortgage payment) were these complicated adjustable rate loans, interest only loans, etc. so as long as home values keep rising then they can keep refinancing. but when home values drop there is no refinancing for them so they are stuck with these ballooning interest rates that they can't afford and have to walk away. no one with a fixed rate and no job loss suffered because of the decline in home values because nothing changed for them.
 
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