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.

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