Last edited Wed Nov 12, 2025, 02:43 AM - Edit history (1)
See the year 2007? That's when sub-prime mortgages were running rampant and many of those mortgages should not/would not have been granted under responsible lending practices. Note the price at $325,000, and there was a big rush to get into the homebuyer elite. Now look at the average price a mere two years later...down $75,000 to $250,000. If anyone who squeaked by in 2007 to buy a home they could barely make payments on, by 2009 they were $75,000 in the hole if they needed to sell out to resist eviction. The slide continued in and past 2011. How can you call these buyers advantaged? Not only did they lose a large percentage (about 23%) of their investment, they may quite possibly have an eviction or bankruptcy on their record making it near impossible to ever afford even the barest of homes in their future. Doesn't sound like a desirable outcome to me.
ETA: NOTE that the OP has removed and replaced the graph in the original post two hours after my post here. Actually, going through OP's edits, this is the third graph they have used. The information presented by this graph is quite different than the original, posing the question as to which of the three has the accurate information. To eliminate confusion, my comments were based on the information in the first graph posted so that now my reply does not align with OP's new presentation.
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