“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.
To be fair, they don’t actually own their house if they’re paying a mortgage.
It wouldn’t be any different if she was renting.
I’m not sure why they call her a homeowner when the bank actually owns her house.
In theory, over time you own more and more of a share of the house while the bank owns less and less. That’s different from renting.
Still, if you literally can’t afford the mortgage payments then it’s still a bad deal.