Comments on: Upside Down Mortgage http://www.onemint.com/2009/03/10/upside-down-mortgage/ Helps You Make Better Financial Decisions Fri, 10 Feb 2012 12:26:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: manshuv http://www.onemint.com/2009/03/10/upside-down-mortgage/comment-page-1/#comment-16223 manshuv Tue, 10 Mar 2009 17:10:46 +0000 http://www.onemint.com/?p=994#comment-16223 DG - I think the answer is clearer for people who didn't have to put anything down. There is no way people who are down 200k or something can be expected to stay on with their homes. DG – I think the answer is clearer for people who didn’t have to put anything down.

There is no way people who are down 200k or something can be expected to stay on with their homes.

]]> By: DG http://www.onemint.com/2009/03/10/upside-down-mortgage/comment-page-1/#comment-16219 DG Tue, 10 Mar 2009 16:10:41 +0000 http://www.onemint.com/?p=994#comment-16219 Buffet and many others fail to realize how bad things are in CA. People have lost 60% of their value in the past 18 months and the market is still going down. A lot of people in CA didn't have to put any money down. Many people around here are walking away including myself. Obama's plan will do little to help someone like myself with an LTV ratio of 220%. I'd like to stay in my house, but I can't justify it economically when I'm 200k upside down and the house likely won't recover for well over a decade. Buffet and many others fail to realize how bad things are in CA. People have lost 60% of their value in the past 18 months and the market is still going down. A lot of people in CA didn’t have to put any money down. Many people around here are walking away including myself. Obama’s plan will do little to help someone like myself with an LTV ratio of 220%. I’d like to stay in my house, but I can’t justify it economically when I’m 200k upside down and the house likely won’t recover for well over a decade.

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