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Fiendish Thingy

(22,533 posts)

1. For comparison, the 2008-09 housing collapse occured when 8% of mortgages were in arrears

Reply to SunSeeker (Original post)

Sat Feb 14, 2026, 12:51 PM

12 hrs ago

That was for all mortgages, not just those for low income households, but they were largely high risk mortgages for those with bad credit, something found more often in low income borrowers.

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A new mortgage crisis is quietly hitting those who can least afford it [View all] SunSeeker 12 hrs ago OP

For comparison, the 2008-09 housing collapse occured when 8% of mortgages were in arrears Fiendish Thingy 12 hrs ago #1

The delinquency rate quintupled in just the last 4 years. If it merely doubles this year to 6%, it'll approach 2008. SunSeeker 11 hrs ago #3

A pretty high percentage of car payments are in arrears too questionseverything 10 hrs ago #5

The economy is wages, jobs and inflation... CousinIT 11 hrs ago #2

If the warnings from many of these AI experts are true we are not far from a complete collapse of the job market Cheezoholic 11 hrs ago #4

But but there was a big surge in jobs, according to the govt's own figures. Here's the job report in a nutshell, progree 10 hrs ago #6

130k is still a bad number and likely will get revised down next month. Rinse and repeat every month hereafter. Raftergirl 10 hrs ago #7

It's only "quiet" because the illusion has to maintained that Republicans are "good for the economy" ck4829 7 hrs ago #8

The last mortgage crisis occurred under a Republican administration Yo_Mama_Been_Loggin 4 hrs ago #9