Mortgage Default Patterns
Defaults typically rise after an initial 18-month period due to the accumulation of equity in homes, allowing homeowners to sell if they encounter financial trouble. However, a significant shift occurred in 2004, leading to an exponential increase in losses for loans originated after that year. By 2007, predictions indicated that losses would surpass gains made in the previous decade, a reality that many in the banking sector struggled to accept.In this clip
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Joe Rogan Experience #1735 - Peter Attia
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