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Millions of homes still deeply underwater

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Mortgage Professional America | 09 Jan 2014, 06:00 AM Agree 0
More than 9 million U.S. homes were still deeply underwater in December, according to data released today
  • 2bsquare | | 09 Jan 2014, 01:13 PM Agree 0
    Lets get the whole story, only 30% of homes are back to 2007 levels. THat means 70% are below their 2007 levels. Underwater, just means that you lost your entire down payment, whether it was 50% or 5% your only a tenant.
  • Stan J | | 09 Jan 2014, 01:42 PM Agree 0
    Realistically 2007 home values were artificial, pumped up by out of control speculation. The valid time-line for subsidence should be 2002, the time prior to runaway speculation.
    Todays prices cannot be supported by the lowered average incomes of working families.
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