> His expenses(400K mortgage, insurance, taxes, etc) is 2500 a month.
A different point of view is that his expenses are 12500 a month and FedGov is paying him a 10k/month interest subsidy, and that he is upside down by 150k and accounting for FedGov price supports as an asset. Tick. Tick. Tick.
A different point of view is that his expenses are 12500 a month and FedGov is paying him a 10k/month interest subsidy, and that he is upside down by 150k and accounting for FedGov price supports as an asset. Tick. Tick. Tick.