Tag

Stuyvesant Town

Stuyvesant Town Collapse

Strategic Default . . . Minus the Consequences Imagine you bought a house 4 years ago for $540,000, putting in a (very) modest 2% down payment, or $11,000, and borrowed the other $529,000. Today, your home was worth $180,000 (no, not a typo), yet you were still faced with making payments on the original $529,000...
Read More

Archives