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» Credit Access, Volume 8, Issue 7, 2008
If respondent owns their residence AND has a mortgage on that property.

18c. 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 Residence All Small, Employing Business Owners
1 Yes 13 8
2 No 86 91
3 DK/Refuse 2 1
Total (%) 101 100
N 471 690

Notes: Thirteen (13) percent of small employers who own their residence and have a mortgage on that property, have a residence that is upside-down (Q#18c). Eight percent of small employers have a residence that is upside-down (Q#18c).


Volume 8, Issue 7, 2008
ISSN - 1534-8326

William J. Dennis, Jr.
NFIB Research Foundation



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