Maybe the feds should buy up a million mortgage-delinquent homes and set up a theme park called Underwater America. A survey last month by the Pew Research Center for the People & the Press found 20 percent of homeowners saying they’re “underwater” on their mortgages — i.e., they owe more than the home would sell for in the current market. Exclude those who don’t have a mortgage and the figure rises to 30 percent.
Not surprisingly, underwater Americans have broader financial problems.
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