This will wipe out any excess cash flow expected once rates decease.

ya and all of you guys money are coming from us ( tech guy that has 400K per HH income ) LOL so we would see how this money flow changes thing, we are still in very very early of long massive adjustment.i remember during the hyperinflation era of 98 in Asia, it took 6-8 years to recover, not fully recovered, there're of course generational changes, for example, home ownership can only be done by baby boomers, and it's just impossible to buy house even if one making 100k.

U dont have to wait for the Senior loan to wipe you out and they may just pay on the note

I figured we would need 2 total wipe outs a year to break even on fire insurance.

Subordinate loans such as these are extremely dangerous since they are easily wiped out by a first-position foreclosure.

Babies crawl along the floor.

Literally shaking the house and waking up our baby. 

With a cleaning fee that high, maybe they send someone to wipe for you after handling business. 

Baby boomers.  

A whole year of cash flow and cap-ex reserve account can be wiped out with one repair that is $1,500-$1,800.