The difference is in the entity taking out the loan. Balloon loans and ARMs were very easy to give out to individuals before the crash, now I think we have more entities on fixed rate mortgages or buying in cash. The make up is different and the crash will look different. I suspect more like a consolidation of landlords then what we saw in 2008 unless the economy gets real rough
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The difference is in the entity taking out the loan. Balloon loans and ARMs were very easy to give out to individuals before the crash, now I think we have more entities on fixed rate mortgages or buying in cash. The make up is different and the crash will look different. I suspect more like a consolidation of landlords then what we saw in 2008 unless the economy gets real rough