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(English) Nearly 16M Homes Are Now Underwater

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8 comentarios
    • mrkrispy
      mrkrispy Dice:

       you meant moot point……  Also, negative equity affects a persons real net worth today…which can affect their ability to get loans for a variety of things such as business loans and/or personal loans, their outlook on their future, and their ability to consider a job change that would require relocation.  For at least 30 percent of home owners the short term ramifications of a strategic default are far less costly than the longer term benefits.  Unfortunately that’s the current reality.   

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  1. rogersanderson
    rogersanderson Dice:

    From a California perspective, 16 million underwater homes is a very reasonable estimate.  My concern for the real estate market and for real estate values is that the unethical strategic defaulters of this world will suddenly just start walking away and we have 8 million additional foreclosures with 2 million of them being in California. 

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