Re: Jumbo Mortgage Delinquencies Soar as High-End Home Inventory Builds
I don't really feel that compassionate either, I always thought McMansions were junk. However, it puts more houses on a market that doesn't need more -- and big areas of Premium Homes in an Exclusive Community that are now known as Big Eyesores in a Dusty Construction Zone. And it wasn't just the people with no money who were trying to get something too big for their wallet and are in default.
"All the prophets of Doom, Can always find room, In a world full of worry and fear..." - Protest Song, Monty Python
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