Vacation Home Buying Fizzling. RV's too?
How many think this article from the Washington Post could be reprinted substituting "RV's and Boats" for "Vacation Homes"? Those monthly payments are going to start looking ugly when you're finding ...
Forum Discussion
cptqueeg wrote:restlessways wrote:
If I may clarify, I wasn't talking about mortgage debt per se, so I'm not sure where you got that impression. snip....
Perhaps using the the phrases "zero debt" and "For somebody like me who purchases things in cash" would give one the impression that mortgage debt was included.
As for now people have mtg rates that are very cheap and they have jobs so as long as they stay on the treadmill it will work out. There isn't sufficient housing anywhere so that market is very stable.(read today there are only 2 places in the US with 10% or more of the housing stock under 150K)
Some will have health issues, and/or astronomical medical bills or lose their job, or gad forbid lose their partner but by in large most will get through it.
