Florida Real Estate: Nearly 50% of Jacksonville Homes Are Underwater

YES THANKS TO ILLEGAL ALIENS AND THEIR ANCHOR BABIES !!!!!!!

Deport illegal aliens and Americans will once again be able to find jobs.
Deport their anchor babies and school overcrowding and over worked teachers will immediatelay come to an end and once again American children will get a good education.
ILLEGALS AND THEIR ANCHOR BABIES ARE DESTROYING AMERICA !!!!!!!!!

Don't forget they gave money for teachers.

Is Zillow on the high or low side of home pricing?

Zillow has greatly improved over the years. Unfortunately, when they first started, they got a bad reputation with realtors. But, they worked hard to improve their site and now their "zestimates" today are right on. They are a great company that is going places. You should really spend more time on their site and get involved, especially if you are a realtor. It's a place where many people go to look for homes For Sale and For Rent.

Improved!? Zillow is a BS way for Realtors and mortgage brokers to get leads. Its never been correct and never will be. You can't simply average transactions across-the-board then add a little gravy to the mix and say that the figure means something. Anybody can do that! Duh...

Did you depend on Zillow during the bubble? How many underwater homeowners were advised by their Realtor to take a look at Zillow for home values then? Funny how times change? Every Realtor I fired in 2006-2007 swore up and down that Zillow was right on the money when valuing a home purchase. I guess "the money" was the only truth in that statement.

Suppose the feds gave every family one million dollars? With the express intent that they pay off their mortgage and purchase a new automobile? Let's say there are 60 million families, then that would equal 60 million dollars. I believe that would be cheaper than the billions they are using on bail outs for banks and automakers and whatever else is out there. Even if they gave 2 million, it would be cheaper than what they are doing now. It isn't like this money would not be spent. Banks would get their mortgage money, automakers would be producing automobiles and money would get into circulation. Families might take a well deserved vacation somewhere OTHER than the back yard and thus the tourist industry would benefit.

Dusty 574 - great idea and it certainly would do more good, but the point of the stimulus was not to create jobs in the first place, it was meant to be a direct payback to Unions for getting the Obamanation elected (ever notice how flies like to land on his face?... like the bad French guy in Indiana Jones ... ewe) It would have been put to even better use if it was made avaiable to small businesses, who generate 75% of the jobs in our economy.

SPOKEN LIKE A GOOD CHRISTAIN AND AMERICA, SCREW OTHERS AND SAVE THYSELF

Dusty I am sorry But if we have 60 mmillion people and we have 60 million dollars each person or family would receive 1 dollar not 1 million dollars

That's called "Progressive Liberal Math". Its learned in government schools (public schools). We don't stand a chance.

Our money IS worth nothing...that's the problem. We let people run wild in the name of capitalism, promising people that didn't understand real estate or finance that they COULD afford this or that home - "go ahead, sign, it will be fine, we wouldn't loan it to you if it wasn't" - these financial fat cat pigs over-inflated values to sell mortgages at outrageous profits - they saw the crash that was coming and did nothing to stop it. The free fall of the mortgage and housing industry was the beginning of our financial downfall - with it went jobs, went mortgages, went banking, went foreclosures, went more jobs, more foreclosures, the auto industry, etc. No Democrat, no Republican, no Tea Party member, no Limbaugh, Beck or Palin can fix this. It's going to take an extraordinary amount of cooperation and sacrifice to even begin to turn things around. Pointing fingers at Obama and yelling "No Free Money" isn't going to help either. He didn't start this mess, he inherited it. Bush didn't start it either, though funding wars on 2 fronts sure ate into the budget surplus from the Clinton years. Greed...unbridled, unchecked, UNREGULATED greed started this whole ball of wax rolling and the whole damn country is suffering. And look out folks, it's gonna get worse. We're going to see more unemployed, more folks on the welfare rolls possibly just to get medical care. Free Money isn't the answer - nothing's free. Refinancing is just a drop in the bucket - without a job, even a lower mortgage payment does no good and short sales are a joke.

I feel for the people of Jacksonville - I grew up there, my family is still there and I do thank God every day that their homes are paid for and they don't have to try to sell in this underwater market.

But blaming the ills of this crisis on Obama is ludicrous. Remember, Bush bailed out the banks - and as wrong as it was, thank God he did or we might be in even worse shape than we are now. And thank God Obama bailed out the auto industry - think of the unemployment, foreclosure and people on the welfare roles if the auto industry failed instead of getting restructured. Instead of less government, we need the RIGHT KIND OF GOVERNMENT with laws and regulations in the right places to keep this kind of caca from hitting the fan again. It is not a democratic issue, it is not a republican issue, it is an American issue.
Vote in November and make sure that who you vote for can actually deliver. Saying we need to change is not enough. Find out how they mean to make a change - or IF they have a plan or even a clue!