Friday, July 9, 2010

"Biggest Defaulters on Mortgages Are the Rich" - NY Times

Whether it is their residence, a second home or a house bought as an investment, the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population.

Of course some of these people are finding out the hard way that borrowing a lot and being rich are not the same thing. Makes this blogger wonder how many Deep Creek borrowers might fall into this category. Stay tuned ..

Don't forget to check back to Dan's Deep Creek Blog for your future updates on Deep Creek real estate.

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