Once upon a time, and not too long ago, your house might have been appreciating somewhere between 10% and 15% annually. Those were the days when you could pull a little equity out of your house and send a kid to college. Or, even better, finance a pretty great retirement. It seems like only yesterday when most Americans sat comfortably in their living rooms knowing that their home was a stable, sound investment.
Needless to say, times have changed. Property values have plummeted, and more and more homeowners find themselves faced with an upside-down mortgage
Rating: 5 out of 5