homes cost more than people in an unstable economy want to spend. Will that mean that the demand for rentals will increase or that people will no longer upgrade properties and instead stay in smaller homes? Prices remain high in cities with high employment rates including San Francisco
One thing that many people fear about filing bankruptcy is that everyone around them will find out and judge them. And there is no social stigma because no one knows you filed bankruptcy unless you tell them or by some random chance they read it in the newspaper or have to run a credit check on you. It’s probably something that people can find out, but they would have to really look hard for.