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Negative equity affects 145,000 new homeowners Negative equity affects 145,000 new homeowners

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Old 07-07-2008, 08:43 AM
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Post Negative equity affects 145,000 new homeowners
The research company CACI has analysed the 1.2 million people who have bought a home since the beginning of 2007 and calculated that one in eight are in negative equity. An estimated 145,000 owe more in mortgage payments than their houses are worth.The research, commissioned by the Daily Telegraph, concludes that if house prices fall [...]

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