How much more will these people have to pay? Between 5 and 10 times what they’re paying now. Almost all these homeowners are underwater. They bought at the bubbliest period.
September 22nd, 2009 | Bill Bonner | 2 comments | ContinuedAll Posts Tagged With: "housing value"
Your Houses will be Worth Less than the Value of Your Mortgage Loans
households will be “upside down,” meaning, their houses will be worth less than the value of their mortgage loans. Almost half of the people who took out subprime loans over the last two years have no equity in their houses, says Bloomberg.
February 15th, 2008 | Bill Bonner | 3 comments | Continued
