Ouch
A reader sent me this link to the WSJ 1 in 6 Homeowners "Under Water". It's true, as I noted a couple of weeks ago, that even the Greenwich MLS has seen fit to add the category, "short sale" to its listing forms, so we're not going unscathed here in fair Greenwich. I'll point out that the percentage of investors whose IRAs and pension plans are under water is probably greater than 1 in 6. And you can't live under a bond certificate, so keep those mortgage payments current.