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Posting Near Death

Chuck Ponzi March 4th, 2008

Is that too dramatic?  I have been too sick lately to post.  Luckily, they say laughter is the best medicine.  Zillow delivered an interesting tidbit to my inbox this morning

Did you know? Many recent homeowners are now under water.

39% of Americans who bought a home in 2006, and 30% of those who purchased in 2007, now have negative home equity—meaning they owe more on their mortgage than their home is currently worth.

Nothing like Zillow to pour some salt in an open wound.  I love the way they can turn the screws… although it’s more like 80 to 90% of the people in Socal who purchased in 06 and 07 now have negative home equity.  Might as well throw in 2005 as well, as the bottom seems to be falling out of the market.

Highly recommended is Rich’s new post up over at Piggington about the crash:

I guess the good news is that in the last 2 years, you’ve only lost about 4 times your yearly income.  That means your income is only negative 2.

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