You're presuming that it's proportional that because there are less mortgages than real estate all real estate has a positive net value.
Fact is a handful of extrmely rich folks throw that off considerably. You have stated nothing showing that the average home is mortgaged for less than it's worth, and that the average homeowner doesn't have debts which far exceed the equity in their home.
Problem is this was true even during the great stock market crash. One American had enough to bail the whole market out. It didn't stop the average American from losing their shirt or being overleveraged however.
Even if you don't believe the stats that are posted, stats have still been provided to you which support an argument.
So where are your stats that say the average homeowner is upside down on their mortgage? Pony up.
You remind me of someone I once knew on another message board. From now on, I'm going to call you fatherjohn.
I'm presuming nothing. Just stated 2 facts. Haven't seen too many facts in your posts.
You have stated nothing showing that the average home is mortgaged for less than it's worth, and that the average homeowner doesn't have debts which far exceed the equity in their home.
As opposed to you who have stated only feelings. Feel free. Go out there and find some facts. Post some links. We'll wait.