Negative Equity

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Negative Equity

A situation in which one owes more on a loan used to pay for an asset than that asset's current market value. For example, if one borrows $100,000 to buy a house and, for whatever reason, the value immediately drops to $60,000, the homeowner is said to have negative equity. Negative equity is most common after the burst of an asset bubble. One with negative equity is said to be upside down in the loan.
References in periodicals archive ?
The organizers had tied the flag upside down and it was only when I unfurled it that I saw the mistake.
Speaking of the latest findings, she explained: "With slow metabolic rates and a low-energy diet, sloths are experts at saving energy and have solved the problem of breathing upside down by anchoring their organs against the rib cage.
If you have the thin part of the white cross to the top then you are flying the Jack upside down.
The hotel also features an upside down all-day dining restaurant and spa.
At Torquay recently a large hotel on the sea front was flying a large Union Flag upside down which I brought to their attention.
He got caught on the wire and was left hanging upside down over a river.
A negative equity borrower without home equity loans is upside down by an average of $52,000, versus an upside down average of $83,000 for a negative equity borrower with home equity.
I remember vividly the whole Blur v Oasis feud as I worked at EMI in the early 1990s and my memories are a lot more exciting than Upside Down.
We have also invited artists and film-makers we have worked with to make work for Upside Down, Wrong Way Round.
The photo shows Iranian Interior Minister Mostafa Mohammad-Najjar seated in Islamabad, Pakistan, with Pakistani Interior Minister Rehman Malik On the table between them can be seen the Pakistani flag and the Iranian flag, the latter upside down with the green stripe on the bottom instead of the top.
lt;I turned his chocolate pudding upside down on his tray.
The following information was taken from a website recently: To deliberately fly the flag upside down is a signal indicating a situation of 'DISTRESS'.