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View Full Version : House-Price Drops Leave More Underwater



KenD
05-20-09, 06:14 AM
http://us.news2.yimg.com/us.yimg.com/p/fi/22/46/94.gif (http://finance.yahoo.com/real-estate/article/107041/House-Price-Drops-Leave-More-Underwater)
Click graphic to read the article.

c1ue
05-20-09, 10:57 AM
That's not the scary part.

The scary part is: how many of those regions are stable job-producing areas?

And since they are not - what is the implication of being negative equity?

ThePythonicCow
05-20-09, 04:35 PM
Good grief. Two-thirds, Two Freaking Thirds (THT's) of the houses in Vegas are underwater, and one-half, One Freaking Half (OFH) of the homes in California's central valley are underwater. :eek:

The Mogambo Guru must have overdosed on his tranquilizer prescription of late. He has become way too calm for such circumstances. :rolleyes:

don
05-20-09, 04:46 PM
I'm in the Sf Bay Area. A local realtor couple, very well established here for many years, cold called me this morning about all the investment properties now available.

Their home was listed in today's paper under foreclosures. Drinking their own Kool-Aid.

metalman
05-20-09, 04:52 PM
I'm in the Sf Bay Area. A local realtor couple, very well established here for many years, cold called me this morning about all the investment properties now available.

Their home was listed in today's paper under foreclosures. Drinking their own Kool-Aid.

that is friggin sad. :(

on a positive note... :D:D:D

http://www.kitco.com/images/live/gold.gif