Archive for the ‘underwater’ tag
Underwater Mortgage Watch
Yesterday I wrote about my new appreciation for being underwater on your mortgage. Mark Cuban, a wildly successful entrepreneur, was thinking along the same lines and wrote this excellent post. He makes a number of points, but first tackles the difference between the “Buy and Hold” strategy for stocks versus your home:
I think “Buy and Hold” [...]
Underwater Mortgages
Underwater mortgages are easy to understand: they occur when a homeowner owes more on their house than what they could get if they sold the house. That is, the outstanding mortgage is greater than their home value.
But they are very interesting and consequential phenomenon, especially considering a large number of those who are underwater on their houses put [...]
