1 in 5 homeowners have negative equity

1 in 5 homeowners have negative equity

I was thinking about this the last few days and it's similar to buying a new car at 0% financing. It depreciates quickly the first year or two and the loan is probably more than the value of the car, but people aren't dumping their cars. The car basically will never appreciate but an average person just keeps paying on the loan. At least a house will often appreciate (once this recession eases off in whatever number of years it may take.)

You must have Javascript enabled to use this form.

And if you believe that

At least a house will often appreciate (once this recession eases off in whatever number of years it may take.)

Then there's a bank stock I'd like to talk to you about......it's only leveraged 300:1 loans to deposits.

You must have Javascript enabled to use this form.

-------------------------------------
Maximum jobs, not maximum profits.