here. It appears from the data that bankruptcy filings are down by 13%.
The Huffington Post reports that approximately 22% of homeowners are underwater.
Some of the housing trap is the misguided dream of owning a home. I still say it's smarter to rent. You can make your own choice by looking at ChartPorn.
Younger couples discount the future more and are more prone to buying a new car, having children, and buying a home.
Still, some of the predatory lending created by a moral hazard contributes to some of the housing trap.
I think people overvalue their worth too and buy a big house because of their false valuation of themselves. Most couples sign a 30-year mortgage.