Updated over 15 years ago on . Most recent reply
Central FL 49% upside down
I was just reading the local paper in Osceola County.....a local reporter was stating that 49% of Central Florida homes are upside down (mortgage exceeding value). Orlando is at 55%. The stats say that of all sales taking place, three are foreclosure properties vs. one arms-length transaction.
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Borrowing to maintain lifestyle became the norm and now there is hell to pay. Why is so hard to live on a little less than you earn? Defer your gratification just a little to have a plentiful harvest, rather than picking the fruit while it is still green.