Holy Crap Watch
“A quarter of U.S. homes are underwater.”Aww, fuck that. What we really need is more tax cuts for the rich!!!!
The number of U.S. homes worth less than their outstanding mortgage jumped in the fourth quarter as prices fell and lenders seized fewer properties from delinquent borrowers, Zillow Inc. said in a report today.
About 15.7 million homeowners had negative equity, also known as being underwater, at the end of the year, up from 13.9 million in the previous three months, the Seattle-based real estate information company said. The total represented 27 percent of mortgaged single-family homes, the highest in Zillow data dating to the first quarter of 2009.
posted by spooked at 10:26 AM
2 Comments:
And Obama wants to teach Democracy to Egypt! The people are too poor he says. The government is taking too much! Wait till they see the state of America. They will be glad to stick with Mubarak.
What's behind the protests in Tunisia, Yemen, and Egypt—and the growing unrest in several other Arab states? A whole host of things, actually, but one of the most glaring seems to be the shocking, ever-increasing disparity between the wealthy and the needy of those nations.
Because despite our unprecedented prosperity, the inequality in the United States is not only drastically worse than Egypt's, it's also worse than Tunisia's and Yemen's as well.
America's inequality is far worse than Egypt's
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