Nearly 1 in 6 Homeowners is Underwater: Are You?

An article today on MSBNC.com purports that nearly 1 in 6 US homeowners owes more on their mortgage than their home is worth.  I imagine, like all real estate statements, it should be predicated with “Depending on where you live…”. In other words, your mileage may vary. I imagine that the ratio in Stockton is wildly different than someplace like Palo Alto.

So, completely unscientifically, here’s my own poll, to see what readers out there are feeling:

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Filed under Community Info, mt. carmel, real estate, redwood city

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