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....
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? << - Mustseemovie! (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."