How Bad Is the Underwater Problem?

Chris Lauer

Chapter Chapter 2 in Underwater, 2013, pp 9-14 from Springer

Abstract: Abstract Those who have suffered since the real estate bubble burst understand all too clearly how devastating the situation was to the national economy and personal fortunes. Many people ready to retire were forced back in to the workforce because retirement plans disappeared with home equity. Many savings funds were tapped or depleted trying to bail out homes with values that plummeted month after month. Millions of Americans were left reeling as they watched their primary asset become their number one liability.

Keywords: Real Estate; House Price; Home Equity; Mortgage Debt; Homeownership Rate (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4302-4471-4_2

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DOI: 10.1007/978-1-4302-4471-4_2

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