Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
That doesn’t mean they’re in their pool.
there is still hope, four out of five ARE NOT. It will not get better til we get rid of these corrupt government selected officials.
It only matters if you have to sell.
They must be wealthy enough to afford SCUBA systems for 24x7x365.
Bush’s fault.
In Florida it seems like it could be more than 1 out of 5. I know lots of young couples underwater on their mortgages, just because they happened to buy in the 2005-2006 period when prices were skyrocketing. Even if you bought with 20 percent down, after watching house values plunge around 40 percent...you’re underwater. None of those I know are in financial problems, however. they are still able to afford their mortgage. But it feels to them like they’re shoveling money in a hole because they don’t believe they’ll be “above water” anytime soon.
I am underwater as many Arizonans are. Thankfully not in financial trouble but there’s always the nuclear option. Hopefully I will never have to use it.
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Not so fast!
I’m underwater also...
Because the bank compared my home to a couple of wrecks within a 1/4 mile that are for sale, not sold!
I’m fine and will not give up until I have to!
Report: 1 in 5 U.S. homeowners underwater
That headline is a lie.
1 in 5 homes with a mortgage may be underwater, but there are a whole lot of homes with no mortgage that are owned free and clear.
Last clear number I could find was 38% have no mortgage
so that number should be 1 in 9. Still not good but not 1 in 5. Question everything.
One of the problems of being upside down has been reported that a bank can ask for more cash to cover the losses. In other words, the house is the collateral backing the loan, but if that collateral becomes worth lesss than the loan amount, the bank can ask for more collateral or cash.
