Economy.com's Zandi on Homeowners with Negative Equity

Tanta compares notes with Economy.com's Zandi on Homeowners with Negative Equity and is a little bit worried:

With a 20% price decline (peak to trough), I calculated 13.6 million homeowners with zero or negative equity; Zandi's updated numbers put that at 13.8 million.

Zandi didn't provide an estimate for a 30% peak to trough price decline, but my 20 million estimate is probably pretty close. Note: I calculated the percent of homeowners with mortgages with no or negative equity; Zandi calculated the percent of the total single-family housing stock.

Emphasis Mine

That is 20,000,000 households, not people.

Scared shitless, yet?

The Great Depression will probably be known as the good old days as the US economy implodes.