> I think this probably has decreased house prices to some extent, but people are really insanely reluctant to sell a house for less than they bought it for
If a mortgage is recourse, and your home price has fallen enough - yeah, you have a pretty big reason not to sell.
Especially if your alternative is to pay more monthly for a worse rental (often the case).
If a mortgage is recourse, and your home price has fallen enough - yeah, you have a pretty big reason not to sell.
Especially if your alternative is to pay more monthly for a worse rental (often the case).