tag:blogger.com,1999:blog-13779951.post6680211080304855127..comments2024-01-01T18:48:00.179-07:00Comments on DADA'S DALLY: Are you paying on a house you bought for $300K that's only worth $210K (for the moment)?Dadahttp://www.blogger.com/profile/17257598218959429347noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-13779951.post-61596230303302721432010-07-27T23:37:55.798-06:002010-07-27T23:37:55.798-06:00Ohh! This is a brutal reality check-- and interest...Ohh! This is a brutal reality check-- and interestingly the chart does not even cover the places most hard hit...<br />Michigan - winner highest unemployment rate for 4 years running. <br />Nevada- just beat out Michigan for the dubious honor of highest unemployment rate (foreclosure & unemployment go hand in hand). <br />Cleveland Ohio- I think highest rate of foreclosures in the nation??<br /><br />My Mom's house in Chicago was awash in a sea of foreclosed homes-- over 800 in her zip code alone. More "short sales" than not on the roster. Took a few years to sell, because homes in the area- newer w better features were selling for dirt cheap. We took it in the shorts the price to sell Mom's house. Just a few short years prior Mom's place would have sold for triple the price @ the peak of the market. <br />Thanks Wall Street.... hope you enjoy your $500,000 bonus @ your summer home in the Hamptons.Franhttps://www.blogger.com/profile/14198689517878201943noreply@blogger.com