Real Estate

Home Owners: How much % crash before you're upside down?

  • Last Updated:
  • Mar 20th, 2017 10:14 pm
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Poll: How much of a % drop before you're upside down on the value your paid?

  • Total votes: 110. You have voted on this poll.
5% Drop
 
5
5%
10% Drop
 
3
3%
20% Drop
 
14
13%
30% Drop
 
15
14%
40% Drop
 
14
13%
50% Drop
 
24
22%
60%+ Drop
 
20
18%
I bought my house for $100,000 in 2011 and is now appraised at $1M+, bring on the RE crash!
 
15
14%
Member
User avatar
Jul 10, 2007
320 posts
210 upvotes
Edmonton
Seriously, only catastrophic job losses or astronomical interest rate hikes an cause a 40-50% decrease in RE prices. I would hate to be around when that happens since Canada has become a RE dependent economy.
Deal Expert
User avatar
Oct 26, 2003
27305 posts
1772 upvotes
Winnipeg
Jungle wrote:
Mar 17th, 2017 4:31 pm
Need about a 90% crash to be under water on the value to mortgage. However I can pay mortgage now easily but would have to cash out stocks.
you need a zombie apocalypse for that to happen

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