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Updated about 7 years ago on . Most recent reply

How to understand the underware percentage?
Hello,
I am looking at properties with cash flow and potential appreciation in FL.
Looking at Tempa, FL in zillow,
A number gets my attention. "The percent of Tampa homeowners underwater on their mortgage is 11.4%, which is higher than Tampa Metro at 9.0%." This number seems also high for other cities in FL.
Given that it has been ~ 8-10 years after the last crash, does this imply that this city has no good appreciation potential?
Thanks.
Jerry
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There were a lot of developers and investors in Tampa who had a high soiled underwear percentage during the last recession.