44% of Homeowners With a Mortgage Can't Sell

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44% of Homeowners With a Mortgage Can't Sell
Doomer1981 Offer Upgrade User ID: 10500683 United States 05/24/2013 11:40 AM Report Abusive Post Report Copyright Violation	44% of Homeowners With a Mortgage Can't Sell NEW YORK (TheStreet) -- About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow. Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. "But another 18.2 percent of homeowners with mortgages, while not technically underwater, likely do not have enough equity to afford to move," according to the blog post. 43.6% of homeowners have less than 20% equity in their homes. That makes it hard for them to move or trade-up, given the considerable costs involved in buying and selling a home, including the cost of a down payment for the next mortgage. [link to www.thestreet.com] Doomer

Anonymous Coward User ID: 1496863 United Kingdom 05/24/2013 11:41 AM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell NEW YORK (TheStreet) -- About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow. Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. "But another 18.2 percent of homeowners with mortgages, while not technically underwater, likely do not have enough equity to afford to move," according to the blog post. 43.6% of homeowners have less than 20% equity in their homes. That makes it hard for them to move or trade-up, given the considerable costs involved in buying and selling a home, including the cost of a down payment for the next mortgage. [link to www.thestreet.com] Quoting: Doomer1981 bad news some people just dive in to debt with out thinking(most people are stupid)
Anonymous Coward User ID: 31907650 United States 05/24/2013 11:48 AM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell Enslaved by the bank.
Anonymous Coward User ID: 40331438 United States 05/24/2013 11:49 AM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell stop paying , save the money and buy a fixer upper cash when they get around to evicting you 5 years from now. then take out a massive heloc loan and abandon your foreclosed starter home for a big chunk of arable land with a home after the BK )
WakeMeUp User ID: 39277933 Peru 05/24/2013 11:51 AM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell DOW will hit 16,000 on the news! No man is an Island, entire of itself; every man is a piece of the Continent, a part of the main; ... any man's death diminishes me, because I am involved in Mankind...
Anonymous Coward User ID: 1314164 United States 05/24/2013 11:55 AM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell DOW will hit 16,000 on the news! Quoting: WakeMeUp Most likely!! Real estate around my area doing just fine!! Days on market is at an all time low!! Somebody's buying these houses!! NO DOOM NO CRASH
Renegade (Me too) User ID: 2219387 United States 05/24/2013 11:56 AM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell stop paying , save the money and buy a fixer upper cash when they get around to evicting you 5 years from now. then take out a massive heloc loan and abandon your foreclosed starter home for a big chunk of arable land with a home after the BK ) Quoting: Anonymous Coward 40331438 What if you have 50k equity in the damn place? Who is John Galt?
Anonymous Coward User ID: 40331438 United States 05/24/2013 12:02 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell stop paying , save the money and buy a fixer upper cash when they get around to evicting you 5 years from now. then take out a massive heloc loan and abandon your foreclosed starter home for a big chunk of arable land with a home after the BK ) Quoting: Anonymous Coward 40331438 What if you have 50k equity in the damn place? Quoting: Renegade (Me too) how much is your ticky tacky shitbox worth without any utilities ? i wouldn't pay 50 bucks for most of them to use as chicken coops
Anonymous Coward User ID: 35654787 United States 05/24/2013 12:03 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell DOW will hit 16,000 on the news! Quoting: WakeMeUp Most likely!! Real estate around my area doing just fine!! Days on market is at an all time low!! Somebody's buying these houses!! NO DOOM NO CRASH Quoting: ZAZZ Returns! So based on your analysis,we disregard the entire article And delet the thread The housing market is just fine..
INK3 User ID: 38549259 United States 05/24/2013 12:07 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell We own our home, no mortgage, planning on selling it this summer. Yeehahhh! "When tyrants tremble in their fear, and hear their death knell ringing, When friends rejoice both far and near, how can I keep from singing" page7
BRIEF User ID: 381742 United States 05/24/2013 12:08 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell NEW YORK (TheStreet) -- About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow. Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. "But another 18.2 percent of homeowners with mortgages, while not technically underwater, likely do not have enough equity to afford to move," according to the blog post. 43.6% of homeowners have less than 20% equity in their homes. That makes it hard for them to move or trade-up, given the considerable costs involved in buying and selling a home, including the cost of a down payment for the next mortgage. [link to www.thestreet.com] Quoting: Doomer1981 bad news some people just dive in to debt with out thinking(most people are stupid) Quoting: Anonymous Coward 1496863 Yup, 3/4 of the world is filled with people of average to below average intelligence, those of us that are above average do not borrow...if you suck a banker's dick for his cash, you are a fool. Last Edited by BRIEF on 05/24/2013 12:10 PM I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.
BRIEF User ID: 381742 United States 05/24/2013 12:11 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell Enslaved by the bank. Quoting: Anonymous Coward 31907650 Willingly enslaved...begging for it...sucking the banker's dick for his cash. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.
BRIEF User ID: 381742 United States 05/24/2013 12:12 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell stop paying , save the money and buy a fixer upper cash when they get around to evicting you 5 years from now. then take out a massive heloc loan and abandon your foreclosed starter home for a big chunk of arable land with a home after the BK ) Quoting: Anonymous Coward 40331438 Thou shall not steal. I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.
BRIEF User ID: 381742 United States 05/24/2013 12:13 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell We own our home, no mortgage, planning on selling it this summer. Yeehahhh! Quoting: INK3 ^^^intelligent person^^^ I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.
Anonymous Coward User ID: 28870983 United States 05/24/2013 12:18 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell you'd have to be an idiot to sign a mortgage with whats happening to this country.
Anonymous Coward User ID: 83799 United States 05/24/2013 12:20 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell NEW YORK (TheStreet) -- About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow. Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. "But another 18.2 percent of homeowners with mortgages, while not technically underwater, likely do not have enough equity to afford to move," according to the blog post. 43.6% of homeowners have less than 20% equity in their homes. That makes it hard for them to move or trade-up, given the considerable costs involved in buying and selling a home, including the cost of a down payment for the next mortgage. [link to www.thestreet.com] Quoting: Doomer1981 How many of those mortgage holders acquired the property between 2005 and 2008?
Wayne interessierts User ID: 37186700 Luxembourg 05/24/2013 12:26 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell 100% of Homeowners With a Mortgage should not have bought a home in the first place.
BRIEF User ID: 381742 United States 05/24/2013 12:30 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell 100% of Homeowners With a Mortgage should not have bought a home in the first place. Quoting: Wayne interessierts A "homeowner" with a mortgage is an oxymoron, most mortgage holders bought more home than they should have...gotta have it now, selfishness... I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.
Anonymous Coward User ID: 6305091 United States 05/24/2013 12:31 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell Thanks for the article OP, I'll bet it's way higher ! 5 stars!
Anonymous Coward User ID: 6305091 United States 05/24/2013 12:33 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell DOW will hit 16,000 on the news! Quoting: WakeMeUp Most likely!! Real estate around my area doing just fine!! Days on market is at an all time low!! Somebody's buying these houses!! NO DOOM NO CRASH Quoting: ZAZZ Returns! Whats up there " Karate" tard!
Anonymous Coward User ID: 40327100 United States 05/24/2013 12:34 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell NEW YORK (TheStreet) -- About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow. Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. "But another 18.2 percent of homeowners with mortgages, while not technically underwater, likely do not have enough equity to afford to move," according to the blog post. 43.6% of homeowners have less than 20% equity in their homes. That makes it hard for them to move or trade-up, given the considerable costs involved in buying and selling a home, including the cost of a down payment for the next mortgage. [link to www.thestreet.com] Quoting: Doomer1981 bad news some people just dive in to debt with out thinking(most people are stupid) Quoting: Anonymous Coward 1496863 Do you live in a cardboard box?
Anonymous Coward User ID: 40327100 United States 05/24/2013 12:36 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell 100% of Homeowners With a Mortgage should not have bought a home in the first place. Quoting: Wayne interessierts Another one who lives in a box? How about getting rid of banker compound interest...Sounds like alot of you believe in paying the banker to live on the earth bullshit...and you wonder why the world has problems...sad...very sad
Anonymous Coward User ID: 24957083 United States 05/24/2013 12:37 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell Don't worry! Your home value will continue to rise constantly, forever! Never ever losing value! Fucking idiots. Your house is not worth over half a million, or even a quarter of a million. You've been duped. If the above was true, those houses built in the 1800's should be worth over a billion. Really, the cost to build that piece of shit home you bought for over 250k cost only 20k to build total with illegal immigrants that worked for next to nothing to build it, using the cheapest materials you could buy. Lets bring back the real worth of a house down back to reality, not based on some realtors or government projections. The reason they want prices to continuously rise is for the luxurious property taxes. Dropping the prices down to normal would kill off every city employment and end all this nonsense.
BRIEF User ID: 381742 United States 05/24/2013 12:38 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell 100% of Homeowners With a Mortgage should not have bought a home in the first place. Quoting: Wayne interessierts Another one who lives in a box? How about getting rid of banker compound interest...Sounds like alot of you believe in paying the banker to live on the earth bullshit...and you wonder why the world has problems...sad...very sad Quoting: Anonymous Coward 40327100 Why would a banker loan you money if there is no gain for himself? I never forgive and I never forget I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.
Anonymous Coward User ID: 4284512 United States 05/24/2013 12:38 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell NEW YORK (TheStreet) -- About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow. Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. "But another 18.2 percent of homeowners with mortgages, while not technically underwater, likely do not have enough equity to afford to move," according to the blog post. 43.6% of homeowners have less than 20% equity in their homes. That makes it hard for them to move or trade-up, given the considerable costs involved in buying and selling a home, including the cost of a down payment for the next mortgage. [link to www.thestreet.com] Quoting: Doomer1981 your avatar is perfect, OP. carry on, soldier.
SFOX@1111 User ID: 3929956 United States 05/24/2013 12:42 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell IF YOU HAVE A MORTGAGE ON YOU HOUSE YOU ARE NOT A HOME OWNER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Anonymous Coward User ID: 40364247 United States 05/24/2013 12:44 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell That's because a lot of idiots bought houses in 2007 when the market was high. Like my neighbor, they bought the house for around 600,000. Now it's only worth around 300,000
Anonymous Coward User ID: 6305091 United States 05/24/2013 12:48 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell DOW will hit 16,000 on the news! Quoting: WakeMeUp Most likely!! Real estate around my area doing just fine!! Days on market is at an all time low!! Somebody's buying these houses!! NO DOOM NO CRASH Quoting: ZAZZ Returns! This is how you handle a " karate" tard!
Anonymous Coward User ID: 6305091 United States 05/24/2013 12:49 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell That's because a lot of idiots bought houses in 2007 when the market was high. Like my neighbor, they bought the house for around 600,000. Now it's only worth around 300,000 Quoting: Anonymous Coward 40364247 ^^^^this is the epidemic! Bad , bad, Quagmire!!!
Anonymous Coward User ID: 40331438 United States 05/24/2013 12:54 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell stop paying , save the money and buy a fixer upper cash when they get around to evicting you 5 years from now. then take out a massive heloc loan and abandon your foreclosed starter home for a big chunk of arable land with a home after the BK ) Quoting: Anonymous Coward 40331438 Thou shall not steal. Quoting: BRIEF or what ? get back to me when the private owners of the fed start following that mantra till then he who steals the most wins ) you pompous self absorbed sheep bitch
Anonymous Coward User ID: 11171736 United Kingdom 05/24/2013 12:54 PM Report Abusive Post Report Copyright Violation	Re: 44% of Homeowners With a Mortgage Can't Sell DOW will hit 16,000 on the news! Quoting: WakeMeUp Most likely!! Real estate around my area doing just fine!! Days on market is at an all time low!! Somebody's buying these houses!! NO DOOM NO CRASH Quoting: ZAZZ Returns! New York?
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44% of Homeowners With a Mortgage Can't Sell