The following is a chart that shows the typical human behavior in these circumstances:
Source:
http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db2009033_306801.htm
Thursday, March 5, 2009
1 in 5 Mortgages "Underwater"
Recent reports suggested that 1 in 5 Mortgages in US are "underwater". In Nevada, more than half of all mortgage borrowers are upside down.
The following is a chart that shows the typical human behavior in these circumstances:
Source:
http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db2009033_306801.htm
The following is a chart that shows the typical human behavior in these circumstances:
Source:
http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db2009033_306801.htm
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