Abstract
Those who have suffered since the real estate bubble burst understand all too clearly how devastating the situation was to the national economy and personal fortunes. Many people ready to retire were forced back in to the workforce because retirement plans disappeared with home equity. Many savings funds were tapped or depleted trying to bail out homes with values that plummeted month after month. Millions of Americans were left reeling as they watched their primary asset become their number one liability.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
www.census.gov/housing/ahs/files/Drowning_in_Debt.pdf (Retrieved August 1, 2012).
- 2.
Ibid.
- 3.
Ibid.
- 4.
http://online.wsj.com/public/resources/documents/Landscape2012.pdf (Retrieved September 18, 2012).
- 5.
- 6.
Ibid.
- 7.
Ibid.
- 8.
http://annistonstar.com/bookmark/19181433 (Retrieved August 2, 2012).
- 9.
www.championnewspaper.com/news/articles/1849foreclosures-mount-in-north-dekalb--1849.html (Retrieved August 2, 2012).
- 10.
http://money.cnn.com/2012/02/23/real_estate/million_dollar_foreclosures/index.htm (Retrieved October 31, 2012).
- 11.
http://multivu.prnewswire.com/mnr/corelogic/56979/ (Retrieved August 4, 2012).
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2013 Chris Lauer
About this chapter
Cite this chapter
Lauer, C. (2013). How Bad Is the Underwater Problem?. In: Underwater. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-4471-4_2
Download citation
DOI: https://doi.org/10.1007/978-1-4302-4471-4_2
Published:
Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4302-4470-7
Online ISBN: 978-1-4302-4471-4
eBook Packages: Business and EconomicsBusiness and Management (R0)Apress Access Books