SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Pogeu Mahone who wrote (115083)4/6/2008 10:24:17 AM
From: 10K a dayRead Replies (3) | Respond to of 306849
 
I pay too much rent. Do you think the fed will help me???



To: Pogeu Mahone who wrote (115083)4/6/2008 2:13:24 PM
From: Sea OtterRespond to of 306849
 
Wow. What if everyone under water stops paying their mortgage? The math:

Assuming 15M houses under water by end of this year (a figure I vaguely picked up from somewhere).

Assume average price 200k, and the loss to the banks at 20%.

That equals 15M * 40k = $600 billion.

I think we need another round of Fed cuts and $600 rebate checks.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News