Jump to content


Photo
- - - - -

Two Thirds Of All Nevada Mortgages Are Underwater


  • Please log in to reply
5 replies to this topic

#1 interestrateripoff

interestrateripoff

    Carry on banking.....

  • Members
  • PipPipPipPipPipPipPip
  • 46,348 posts
  • Location:Ponzi Land

Posted 02 March 2012 - 08:42 AM

http://www.zerohedge...-are-underwater

The latest quarterly report out of CoreLogic is as usual full of curious insights about the state of US housing. Key among them is the finding that "negative equity and near-negative equity mortgages accounted for 27.8 percent of all residential properties with a mortgage nationwide in the fourth quarter, up from 27.1 in the previous quarter....

Posted Image


Still it could be worse...
Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
Looting: The Economic Underworld Of Bankruptcy For Profit
The exponential growth of debt and the unsustainability of debt
The logic of HPI @ 10% YoY means your 100k house would be worth 1.38bn in 100 years
Paying down my mortgage with money found on the street

It's time to sue the Bank of England / Federal Reserve for GROSS NEGLIGENCE
If DEBT is the problem REPAYMENT is the solution or you default

"Northern unemployment is an acceptable price to pay for curbing southern inflation" Eddie George former Governor of the Bank of England

New digest on the credit crisis and economy Part2 Part 3

Posted Image

#2 thecrashingisles

thecrashingisles

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 13,567 posts

Posted 02 March 2012 - 08:43 AM

Two Thirds Of All Nevada Mortgages Are Underwater


Ironic that much of Nevada is desert.

#3 Lagarde's Drift

Lagarde's Drift

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,386 posts

Posted 02 March 2012 - 11:02 AM

Due to a breakdown I had the misfortune to stay overnight in Mesquite on the border with Utah. This is what it is like.

http://g.co/maps/qtm9g

Turn around on the map and you'll see utter desolation. Wonder what those desert shelters were going for at the height of the boom.

#4 The Eagle

The Eagle

    HPC Senior Veteran

  • Members
  • PipPipPipPipPip
  • 4,775 posts

Posted 02 March 2012 - 11:28 AM

Due to a breakdown I had the misfortune to stay overnight in Mesquite on the border with Utah. This is what it is like.

http://g.co/maps/qtm9g

Turn around on the map and you'll see utter desolation. Wonder what those desert shelters were going for at the height of the boom.


Those houses shouldn't be worth more than the cost of construction, given that the land itself can only be worthless, since there is more than enough empty land around.
Owe no man anything but to love one another.
[Romans 13:8]
>>Thrive: What On Earth Will It Take? << - Must see movie! (click to watch on youtube)
Description from IMDB ( http://www.imdb.com/title/tt2063834/ ):
"An unconventional documentary that lifts the veil on what's really going on in our world by following the money upstream - uncovering the global consolidation of power in nearly every aspect of our lives. Weaving together breakthroughs in science, consciousness and activism, THRIVE offers real solutions, empowering us with unprecedented and bold strategies for reclaiming our lives and our future."

#5 Lord D'arcy Pew

Lord D'arcy Pew

    HPC Regular

  • Members
  • PipPipPip
  • 796 posts
  • Location:UK

Posted 02 March 2012 - 11:43 AM

I hear it's even worse in Atlantis.
In life it doesn't matter if you're a Tigger or an Eeyore, because you're going to see plenty of Pooh.

#6 HSvetz

HSvetz

    HPC Newbie

  • New Members
  • Pip
  • 25 posts

Posted 02 March 2012 - 12:33 PM

At least there are no parking problems and everybody gets a detached house




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users