Credit Access
» Credit Access, Volume 8, Issue 7, 2008
If respondent is the owner AND owns investment real estate property, including undeveloped land, commercial or residential buildings, or other real state assets, not including their business or home AND has a mortgage on that property.
19d. Is the property upside-down, that is, is this property worth less on the open market today than the mortgage or mortgages on it?
| Response | Owns Mortgaged Investment Real Estate | All Small, Employing Business Owners | ||
|---|---|---|---|---|
| 1 | Yes | 12 | 3 | |
| 2 | No | 86 | 97 | |
| 3 | DK/Refuse | 3 | 1 | |
| Total (%) | 101 | 101 | ||
| N | 170 | 690 | ||
Notes: Twelve (12) percent of small employer/owners who own investment real estate, including undeveloped land, commercial or residential buildings, or other real state assets, not including their business or home and have a mortgage on that property, have an upside-down property (Q#19d). Three percent of small employer/owners have an upside-down real estate investment, including undeveloped land, commercial or residential buildings, or other real state assets, not including their business or home (Q#19d).
