1 in 5 homeowners with mortgages underwater

[turkeyneck]

NEW YORK (Reuters) - Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows.

http://www.reuters.com/article/newsOne/idUSTRE49S3Q520081031

 

[Tech Analysis]

Unless you're selling or need to hock the joint to pay for your credit card debt, who gives a shit. Just sit tight and ride it out.