Tipsheet

Half of U.S. Homeowners Will Have Bad Mortgages

Jillian Bandes | August 06, 2009 10:00 AM

By 2011, 48% of homeowners in America will owe more than their homes are worth,according to new analysis by the Deutsche Bank. This means that a larger number of people will be incentivized to walk away from their homes and default on their mortgages. This sentence at the end is especially frightening:

Las Vegas and parts of Florida and California will see 90 percent or more of their loans underwater by 2011...

Half of U.S. Homeowners Will Have Bad Mortgages

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos