Friday, October 31, 2008
These deck chairs are out of place...
Check out this article from the AP:
"Here's a shocker: almost half of Nevada homeowners with a mortgage owe more to the bank than their homes are worth."
If you owe more on a secured asset than it's worth, I don't think you can claim to own it. I think "home-possessors" would be more accurate.
But even that might be too generous in a few months.