5.1 Million Homes Projected To Be Worth Less Than 75% Of Mortgage By June
5.1 Million Homes Projected To Be Worth Less Than 75% Of Mortgage By June
By DAVID STREITFELD
In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.
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