Jack must be lucky !

Ξ March 4th, 2009 | → | ∇ demwits, duh, economy, lying media, personal, politics, work |

According to this 20% of home owners are in trouble with there mortgate payments.

Jack looks around his neighborhood and in no way is 20% in trouble. Infact the majority of his neighbors don’t even have a mortgage. The houses are paid for and been paid for for years.

Is this luck or is this personal financial responsibility … ? So Jack’s conclusion to this is if this article is true … 20% of homeownwers are living above their means.

Nevada has the highest proportion of mortgage-holding homeowners with negative equity, 55 percent, according to First American CoreLogic. About 15 percent of District homeowners who owe money on their homes are “underwater,” compared to nearly 20 percent of Virginia homeowners and 13 percent of those in Maryland.

And Jack does not think it’s luck that Nevada (the gambling capital of the world) has the highest rate!

 

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