Re:Bizarre Shadowy Paper-Based Payment System Being Rolled O...
by TheCoelacanth on Wednesday February 19, 2014 @10:12AM
(#7263968)
Only about 13% of mortgages are underwater[1], so it's definitely not true that mortgage holders probably have a negative net worth. It's a common situation, but far from being the situation a majority of mortgage holders are in.
[1] http://www.forbes.com/sites/erincarlyle/2013/12/17/6-4-milli...