http://wheredoesallmymoneygo.com/over-1-in-3-new-homeowners-in-the-states-owe-more-than-their-houses-are-worth/ A personal finance blog written by Preet Banerjee Thu, 24 May 2012 10:29:13 +0000 hourly 1 http://wordpress.org/?v=3.1.2 http://wheredoesallmymoneygo.com/over-1-in-3-new-homeowners-in-the-states-owe-more-than-their-houses-are-worth/#comment-1846 Cheap Canuck Tue, 19 Feb 2008 01:17:15 +0000 http://symbiantcapital.com/2008/02/15/over-1-in-3-new-homeowners-in-the-states-owe-more-than-their-houses-are-worth/#comment-1846 <p>Still a sobering statistic though. Here in BC, real estate prices have gone sky high. While we don't have the subprime mortgage problems they are experiencing in the US, the risk of a correction is definitely there. If I didn't already own I think I'd be continuing to sit on the sidelines for a while. The thought of being in a negative equity situation on such a high dollar item makes me queasy.</p> Still a sobering statistic though. Here in BC, real estate prices have gone sky high. While we don’t have the subprime mortgage problems they are experiencing in the US, the risk of a correction is definitely there. If I didn’t already own I think I’d be continuing to sit on the sidelines for a while. The thought of being in a negative equity situation on such a high dollar item makes me queasy.

]]> http://wheredoesallmymoneygo.com/over-1-in-3-new-homeowners-in-the-states-owe-more-than-their-houses-are-worth/#comment-1845 nobleea Fri, 15 Feb 2008 23:11:16 +0000 http://symbiantcapital.com/2008/02/15/over-1-in-3-new-homeowners-in-the-states-owe-more-than-their-houses-are-worth/#comment-1845 <p>Those are big numbers, but should be put in perspective. The number of people who bought in the last two years in relation to the total number of people who are homeowners is quite small. The media always vascillates from wildly bullish to wildly bearish.</p> Those are big numbers, but should be put in perspective. The number of people who bought in the last two years in relation to the total number of people who are homeowners is quite small. The media always vascillates from wildly bullish to wildly bearish.

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