Upside down

According to the this chart from Calculated Risk 55% of homeowners in Nevada owe more on their house than it’s worth.


Somewhere I’ve read that 20-30% of homeowners do not have a mortgage, so it’s not this many homeowners who are upside down on their home.  Still, it’s a lot of people!  And what happened in Nevada?  It looks like people walked out of the casino and into the realtors office in the same “double down” state of mind.



Filed under economics

2 responses to “Upside down

  1. donnafairy

    Maybe this is a good time to buy a house in Vegas?! 🙂

  2. donnafairy

    Then again, I guess selling your house doesn’t help, when you owe more on it than it’s worth. Still, I would guess that there are some deals to be had in Nevada, inside and outside the casinos.

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