OpenWeb 05/15/2009 (a.m.)
The Problem With Debt | Clusterstock on HomeOwner Equity Loss
"15.4 million homeowners now owe more on their houses than their houses are worth, up from 13.6 million four months ago. The number will probably top 20 million when all is said and done. To mark this sad stat, we've updated our post from last fall on the power of leverage." Excellent math in this article. Very simple and straightforward explanation. Do the math and weep.
Posted from Diigo. The rest of my favorite links are here.
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