tag:blogger.com,1999:blog-771892655051987797.post1214261056307637114..comments2023-07-26T05:01:10.813-07:00Comments on DC's Musings: Curing The Foreclosure MarketDennis C Smithhttp://www.blogger.com/profile/00914332467365539148noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-771892655051987797.post-68909304255049374872009-07-08T10:09:10.213-07:002009-07-08T10:09:10.213-07:00You may want to check out the current default rate...You may want to check out the current default rates on cars . . . . <br />I haven't read the article, but most anyone who purchased a home in the last 5 - 7 years likely has little or no equity. That being the case it is no surprise that negative equity shows up as a large percentage in recent foreclosures.<br />People was cannot afford their payments will try and hang on if they can sense a light at the end of the tunnel.<br />I believe that the percentage of people that can afford their homes, yet make the purely financial decision to bail for cheaper rental housing is smaller than you pose.Anonymousnoreply@blogger.com