Response to Mrs. Kelly’s housing analysis on CNBC
What Mrs. Kelly doesn’t see, is that the traditional 20% down payment to secure a loan for an underlying asset that is still likely to drop 10-20% going forward, is not the same security as 20% down in a normal market. Banks would need 30-40% down to not be insane to lend money in this … Read more Response to Mrs. Kelly’s housing analysis on CNBC