HuffPO-
It sounds like hype to say it, but underwater homeowners can change the course of history. It’s not me saying that – it’s the numbers. People who owe more than their homes are worth have the power to become the a powerful new political and economic force.
They’ve got the numbers, they’ve got the votes, and – if they can get organized – they’ve got the economic clout. And we can prove it.
This is something I and others have been pondering for a while, and it’s been on my mind again as I look forward to being on a panel at the Take Back the American Dream conference with New York Attorney General Eric Schneiderman, Heather McGhee from Demos, and NPR’s Alex Wagner. It also came up in a conversation we had this weekend on The Breakdown with members of the Home Defenders League, a group that’s looking to organize underwater homeowners.
How powerful are those homeowners? The numbers are staggering.
40 Million Strong
A new and more acfurate study by Zillow shows that the number of underwater homes is higher than we had thought…