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About half of U.S. mortgages seen underwater by 2011
http://news.yahoo.com/s/nm/20090805/bs_nm/us_usa_housing_deutschebank
It says in the article that 90 percent of houses in California will be underwater by 2011. That is a lot of wealth that will be transfered to the banks. I wonder how far houses will drop in Arizona? Arizona is one of the hardest hit areas. I shook the magic eight ball and it told me that there will be more foreclosures in the not to distant future. We are definitely in the eye of the hurricane.
http://news.yahoo.com/s/nm/20090805/bs_nm/us_usa_housing_deutschebank
It says in the article that 90 percent of houses in California will be underwater by 2011. That is a lot of wealth that will be transfered to the banks. I wonder how far houses will drop in Arizona? Arizona is one of the hardest hit areas. I shook the magic eight ball and it told me that there will be more foreclosures in the not to distant future. We are definitely in the eye of the hurricane.
