Doesn’t seem likely unless he was renting. Even if you miss one mortgage payment, your bank can’t take your house that fast.
If it was posted for sale it likely wasn’t a foreclosure that fast. Perhaps the owner did the math and saw very quickly that they wouldn’t be able to keep up with the mortgage, or no longer had any reason to live in that city because they were there only for the job. With the job gone, the need of the house in that city goes with it. I’m just speculating.
It’s kind of scary that 3 weeks is all it took for them to list their home.
The neighbor is part of the (in 2019) 51%.
“Most Working Americans Would Face Economic Hardship If They Missed More than One Paycheck”
This is good info. OPs article doesn’t mention this at all, and would suggest Aussie beef suppliers won’t benefit as their article suggests. With your info, I’d expect import restrictions on Aussie beef into China in the weeks ahead too.
“All of the sudden the only grain-fed beef on earth that China can buy is from Australia — so it’s not bad news [for Australia’s cattle industry],” he said.
That surprised me. There are lots of other large beef producers in the world. So I went looking. Canada got blocked in 2021 for possible BSE (mad cow) detection. And less than 2 weeks ago China suspended imports from the large beef companies in Brazil, Argentina, Uruguay and Mongolia. Now this possible ban on lots of US beef.
What is going on in China beef right now?
I believe you. I wasn’t really trying to add any kind of credibility to China’s actions in this, but simply explaining why China wouldn’t be fulfilling their need (or lack of) for beef from Canada.