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Saturday, November 17, 2012

Underwater Homeowner Map

Here's the latest map from Zillow showing underwater homeowners — those who owe more on their mortgage than their home is worth — by county for which data is available.

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6 comments:

  1. AnonymousNovember 17, 2012 at 2:08 PM

    Yeah keep buying them over priced cracker boxes.

    ReplyDelete
  2. AnonymousNovember 17, 2012 at 2:09 PM

    When the price of homes went sky high,rent seemed to increase proportionately.People felt trapped into buying if they were eligible,and practically everyone was eligible.A lot of underwater homeowners now regret how easy they got a loan.Sometimes being refused is a good thing.

    ReplyDelete
  3. AnonymousNovember 17, 2012 at 2:28 PM

    And in Crisfield, we were a different kind of underwater

    ReplyDelete
  4. AnonymousNovember 17, 2012 at 4:15 PM

    To buy a lot, build a 1200 s.f. with attached garage, metered and landscaped today would cost $200k.

    Why on earth can the "market" value those same units for sale at $100k or less?

    It doesn't make any sense!

    ReplyDelete
  5. AnonymousNovember 17, 2012 at 6:43 PM

    Kinda looks like the election map...

    ReplyDelete
  6. AnonymousNovember 18, 2012 at 8:53 AM

    We've been saying the same thing 4:15. You can buy a house now for alot less than it would cost to build a comparable home. I believe the problem Delmarva is experiencing with underwater homeowners is the supply outweighs the demand which will not ever get better unless an increase in jobs happen in the area and no one expects that anytime soon.

    ReplyDelete

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