The Real Story Is Americans Have The Lowest Level Of Housing Equity In Nearly 60 Years:
Posted By thestatedtruth.com on May 3, 2010
As of today, over 7 million current mortgage holders are 30+ days late or in some stage of foreclosure. This is at peak levels. And part of the reason why after 27 months of this recession and trillions in bailouts to Wall Street and banks, not much has changed on the housing front. Wall Street and the banks are richer, but in terms of improving the housing market nothing has really changed. And most middle class Americans have their net worth in housing values so is it any wonder why the middle class is questioning this recovery and more importantly, where all those trillions of dollars went?
This is why Americans have the lowest level of housing equity in nearly 60 years:
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