
CLEAN: Sin CityÕs silver lining to US foreclosure bust
Interactive Video
•
Business, Social Studies, Economics
•
9th - 12th Grade
•
Hard
Wayground Content
FREE Resource
The video discusses the concept of being 'upside down' on a mortgage, where a homeowner owes more on their mortgage than the house's current market value. It uses a specific example of a house that was once valued at $140,000, peaked at $250,000, and is now listed for $49,000. The video suggests that the market may be starting to recover, indicating that the housing market might have reached its lowest point and is beginning to improve.
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OPEN ENDED QUESTION
3 mins • 1 pt
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