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Underwater mortgages

By tovarichpeter   Follow   Thu, 9 Aug 2012, 2:53pm   296 views   2 comments
In South San Francisco CA 94080   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://news.yahoo.com/blogs/lookout/down-not-underwater-mortgages-194849588--finance.html?_esi=1

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1. Patrick Follow Befriend (54) 5,181 threads 6,152 comments 46 male Menlo Park, CA Premium

   1   3:58pm Thu 9 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   This sums it up: "In retrospect, I really did not make enough money to afford my own home, but many creative financing options were available to first-time buyers that summer," writes Carla Prada Akers.

2. bubblesitter Follow Befriend (5) 10 threads 2,329 comments

   2   8:54am Fri 10 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   "Her home has risen in value since then—to $316,000—but is still worth less than what she owes on her mortgage." How long does it take to realize that increase in home value(on paper) does not automatically translates to more affordability!