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|
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).