30% Of CA and Florida Homeowners Underwater
March 4, 2009 at 2:05 pm · Category: Macro Economics, Real Estate
This post and accompanying chart from the WSJ just blew my mind: “More Americans Drowning In Mortgage Debt”.
As you can see, 30% of Californians and Floridians, 1.9 million and 1.3 million respectively, are underwater on their mortgages!!!! Wow…..
