Foreclosures just spiked 21% and everyone is asking the same question: is this 2008 all over again?
We pull the curtain back on the scariest housing number of the year. You'll learn why 230,000 foreclosure filings is still 87% below the last crisis, why today's problem is carrying costs not bad credit and which loans are actually first in line to go underwater. Plus: the debate that had to be settled live with data (let us know in the comments who won).
In this episode:
- Delinquency vs. foreclosure vs. short sale. What each one really means
- Why 2008 was a credit crisis and 2026 is a cost squeeze
- The COVID forbearance backlog finally hitting the numbers
- The 4 states getting hit hardest right now
- How investors buy pre-foreclosures at 70–80 cents on the dollar
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