Friday, July 9, 2010

Study Shows that the Biggest Defaulters on Mortgages are the Rich

Contrary to the immigrant bashers and class warfare elitists on the right and their echo chamber, it is not the poor or immigrant working class who are defaulting the most on their mortgages, it is the rich.

In fact, more than one in seven homeowners with loans in excess of a million dollars are seriously delinquent. By contrast, homeowners with less lavish housing are much more likely to keep writing checks to their lender. About one in 12 mortgages below the million-dollar mark is delinquent.

4 comments:

Anonymous said...

Do you have a study that shows how much the black unemployment rate has CHANGED since Obama took office ?

Time for Reason said...

I'm not sure what point that you are trying to make. This article has nothing to do with unemployment. Where did you dream up the unemployment slant? And who mentioned Obama? Please stay on point.

Anonymous said...

Yeah don't ever say anything that makes a Democrat look stupid then but i know how hard that must be for you bunch of idiots.

Time said...

Typical, nonsensical rant from you. Once again you never answer the question.