Christopher Cagan
Christopher Cagan
bought equity generally people sooner
The people who bought in 2003 or sooner ... they generally have enough equity that they're going to do all right.
discount great job
In general, you're not going to get a great discount in a great location, right where your job is, a place that you really want to buy.
combined debts exceeded home mortgage values
That is, their combined mortgage debts exceeded their home values by more than 10 percent.