Tag Archives : crisis of credit

Housing Fiasco Question 2

Notice of closure attached to the door of a co...
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Since yesterday I watched Jonathan Jarvis video on the visualization of the credit crisis several times. Mainly because of the quality in which it is made. If you missed it, visit www.crisisofcredit.com or browse to my yesterdays post.

There was one scene in the video that was especially impressing to me and there is a question for my American fellows rising in my mind. I would really appreciate it if somebody could answer it.

The explanation was that homeowners stop paying and leave, tough they can afford paying their mortgage. The understandable reason was simply this: (more…)