Real estate price plunge makes US homeownership perilous path
BOSTON: Kajal and Vishal Dharod paid US$559,000 (RM1.92 million) in 2006 for a new 4-bedroom house built in Rancho Cucamonga, California. Today, it’s worth about US$360,000.
“We don’t know how we can come back from a loss like that,” said Kajal Dharod, 29, a first-time homeowner with a US$4,200-a-month mortgage. “Buying the house was a mistake.”