
This is a window inside the mindset of the 21st century ponzi loanowner. This is the worst recession in post war history, and home owners that lucky to now have equity in their properties are taking it and gambling in the stock market. Is paying down your mortgage such terrible financial act to commit? It shows that a home is not shelter to the Ponzi, but a financial speculation product to use to support their lifestyle. This will be new cohort of loanowners that will find themselves with negative equity if mortgage rates have a rapid increase. This will result in a small echo wave of re-defaults and loan mods for the real estate bubble 2.o. However, this affect could…[READ MORE]