The Rich Are More Ruthless!
Apparently wealthy mortgage holders are walking away from their loans “at rates that greatly exceeds the rest of the population”. I haven’t seen any of this in San Francisco, but maybe Los Altos is different; I’d love to find a nice mansion to squat in for the summer…the article makes it sound like there’s an exodus from wealthy neighborhoods; the writer describes abandoned swimming pools and toys left in the yard…I’m guessing that’s not the case. Read the whole article here.