People with high socio-economic status get more value for their properties when faced with foreclosure
This article is over 5 years old, and the information may therefore be outdated. High income and education level, and being married are beneficial if you end up unable to pay your mortgages. In a quantitative study published in the Journal of Consumer Policy, doctoral candidate in sociology of law Mikael Lundholm found that “higher socio-economic status is positively correlated with greater potent
