Your English writing platform
Discover LudwigExact(7)
Collectively, their negative equity is almost $700 billion.
They can use any money they have saved as a deposit for the new property rather than having to use it to plug their negative equity gap.
Those in the unethical minority are four times more likely to renege on loans (allowing for other influences) when their negative equity reaches $50,000.
The building society will lend 95% of the price of the new property to customers in negative equity who want to move, plus up to £30,000 of their negative equity.
But the vast majority — embedded in their communities, their children in public schools, their reputations at stake — wait nervously in hope that prices will bottom and rise once again, eliminating their negative equity and restoring their freedom to sell or refinance.
But the heightened uncertainty would deter some underwater homeowners from selling their homes, and their negative equity would continue to drag on the housing market, Goold warned.
Similar(53)
People are worried about losing their jobs and negative equity in their homes.
It was beaten by ITV1's 8pm half-hour offering, a Tonight programme about people losing their homes through negative equity, which got 4.4 million viewers at 19%.
That has pushed a quarter of Dutch homeowners into "negative equity": their houses are worth less than their mortgages.Elsewhere in the euro area high corporate debt has been doing most damage.
(2) The cost of homeownership is mostly the monthly mortgage payments, and if affordable, predictable and long-term, homeowners will stay in their homes regardless of negative equity.
Rising house prices are accompanied by an inevitable tide of notices and evictions issued as owners (either buy to let or "reluctant rentiers", such as those previously unable to sell their property due to negative equity), sell up and decide empty houses sell better.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com