Majority of region's homes 'underwater'

Majority of region's homes 'underwater'

There are 1 comment on the Desert Sun story from May 31, 2012, titled Majority of region's homes 'underwater'. In it, Desert Sun reports that:

In this file photo, a "reduced price" sign is seen on a home for sale. / AP Photo File Photo/Reed Saxon Renegotiate or refinance Some government programs aimed at making loans and payments more affordable may not be available to borrowers who haven't fallen behind on payments.

Join the discussion below, or Read more at Desert Sun.

Indian Wells Guy


#1 Jun 7, 2012
My realtor in Palm Desert says the values in real estate may not recover for a decade... except in highest brackets. More foreclosures and short sales each and every month.

If Pelosi regains the House, Obama is re elected and they remove the interest deduction for "second homes' the impact will be devastating for every aspect of the economy for the entire area.

Either way, exciting times ahead for us all.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Palm Springs Discussions

Title Updated Last By Comments
Kenn Gray 3 hr Get out of Califo... 35
What Joke Dan Ball for Congress. Gone through e... Mon UNREAL 1
News Chinese tourists power-shopping in U.S. (Aug '13) Oct 6 stephany 16
Drugs on rise in Palm Springs (Sep '07) Oct 2 Truth 37
Review: Coachella Valley Collection Service (Nov '14) Sep 20 ashtonsmom14 13
News Obama Sprints From Air Force One to Golf Links (Jun '15) Sep 18 Voice of Reason 4
Indian Wells Music Thread (Jul '16) Sep '17 bdg dsthyn 6

Palm Springs Jobs

More from around the web

Personal Finance

Palm Springs Mortgages