If you bought in 2006 its 50/50 you’re underwater

"Zillow posted some interesting analysis today in which they claim that 50% of all home buyers who purchased a home in 2006 are now in a negative equity situation - underwater. That’s a mind-boggling stat don’t you think? It’s a coin flip really if you’re ahead or buried. Well probably not a coin flip as it is most likely self-selecting for the folks that stretched on financing in bubblesque territory."