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Reply #21: Let's put it this way: [View All]

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geek tragedy

(1000+ posts) Send PM | Profile | Ignore

Thu Sep-15-11 08:17 AM
Response to Reply #18

21. Let's put it this way:

If an investor has to miss a mortgage payment, is he going to miss the one for the house he's living in or the one someone else is living in?

During distressed periods, investors treat houses like investments. If it's a bad investment and not going to recoup its value, they walk away.

http://www.nytimes.com/2010/07/09/business/economy/09rich.html

LTV/down payment is a separate metric from owner occupied vs non-owner occupied.

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