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