Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast. If he was renting, he might have been threatened with eviction and chose to leave.
If their whole financial system is built on getting the next paycheck or else, this is quite to be expected. He might even be smart (for a magahead) putting it on the market as early as possible instead of clinging to it.
Man, that’s tragic. I was poor most of my early life, and when I finally started to make enough money to be comfortable, I knew that the thing I couldn’t do was fall into the lifestyle trap. Living well below my means saved me so much hardship when things weren’t going well. I know that many don’t ever get to the point of comfortable, though, and there’s a bit of luck and effort, to that.
And on top of that for most government workers their paychecks have been remarkably stable. Assuming you’ll always be employed plus easy credit and bad financial habits are a bad combination
It’s kind of scary that 3 weeks is all it took for them to list their home.
Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast. If he was renting, he might have been threatened with eviction and chose to leave.
Bet he also had a $100k truck parked in front of that home. Bought with a loan with 12% interest
If their whole financial system is built on getting the next paycheck or else, this is quite to be expected. He might even be smart (for a magahead) putting it on the market as early as possible instead of clinging to it.
The neighbor is part of the (in 2019) 51%.
“Most Working Americans Would Face Economic Hardship If They Missed More than One Paycheck”
source
Man, that’s tragic. I was poor most of my early life, and when I finally started to make enough money to be comfortable, I knew that the thing I couldn’t do was fall into the lifestyle trap. Living well below my means saved me so much hardship when things weren’t going well. I know that many don’t ever get to the point of comfortable, though, and there’s a bit of luck and effort, to that.
I wish we could do that. Renting and buying houses today makes it incredibly difficult to live very far below your means.
And on top of that for most government workers their paychecks have been remarkably stable. Assuming you’ll always be employed plus easy credit and bad financial habits are a bad combination