BIDENOMICS: Home Foreclosures Rising Nationwide – By 50 Percent or More in Some States
(www.thegatewaypundit.com)
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All those folks who have been living on credit to sustain their lifestyle? Yeah. This is where it ends up. Live within your means. If your means change, your lifestyle needs to change too. I have little sympathy for those who can't tell their NEEDS from their WANTS.
The problem becomes when your means change and you are unable to sell because the market is upside down with high interest rates there are no buyers.
True. But that is always a possibility. It's why having an emergency fund and not buying above your means is so important.