Real Estate: We'll See Blood in the Street Before This Bubble Bursts [View article]
Unfortunately, for people who bought houses with nothing down or 10% down, with negative amortization mortgages, and who now can't afford to pay their mortgages [of which there are many thousands throughout the United States], the tangible value of their equity no langer exists.
Real Estate: We'll See Blood in the Street Before This Bubble Bursts [View article]