Ok, these numbers are just that, found from google research, and a Few educated guess, but I bet they are close, and my point is still the same.
How many Houses are in the USA – Around 128 Million
How many Houses have Mortgages – Around 59% or 76 Million
How many are in Default or 30 days late — Tv said about 10% or 760,000
Yes I know this does not include houses already lost. but about 350K houses a month given back to the banks.
I see it says over 1 million homes lost in 2008, and lets say 350K for Jan, Feb, March, so another Million.
2 million homes lost. If ALL those homes were given 50K EACH, no way there were behind that much, that would only be 100 Billion Dollars. Maybe I did my Math wrong???
What I want to know is what would be the total owed to keep these houses from failing?
