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**oliverlogo** · 01-24-2006, 07:46 AM

FYI,

According to 'The Wall Street Journal', 43% of those buying houses the past few years have put down 2% or less!

With interest rates heading up, and housing prices going the opposite way, there is a real chance that many newer owners will owe more on their houses than they are worth.

And you know there is a peoblem when even that rag starts voicing concerns......................

I think there is an even better chance that was the situation when they signed the papers to buy the house. Some markets have been over-priced and in those red hot markets people agreed to pay more then it's worth (it was worth it to them at the time).

01-24-2006, 07:46 AM	#1
oliverlogo Join Date Nov 2005 Posts 379 Senior Member	FYI, According to 'The Wall Street Journal', 43% of those buying houses the past few years have put down 2% or less! With interest rates heading up, and housing prices going the opposite way, there is a real chance that many newer owners will owe more on their houses than they are worth. And you know there is a peoblem when even that rag starts voicing concerns...................... I think there is an even better chance that was the situation when they signed the papers to buy the house. Some markets have been over-priced and in those red hot markets people agreed to pay more then it's worth (it was worth it to them at the time).
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