Here are numbers from Truliaâ€™s arch nemesis Zillow:
I make no claim for Zillowâ€™s accuracy. Au contraire, I speculate that Zillowâ€™s numbers are wildly inaccurate. On the high side. Cut Zillowâ€™s percentages in half, then you probably then have the right percentage.
Roseville 95678 48% underwater 6% delinquent.
Roseville 95747 34% underwater 7% delinquent.
Roseville 95661 32% underwater 7% delinquent.
Rocklin 95677 37% underwater 6% delinquent.
Rocklin 95765 33% underwater 7% delinquent.
Granite Bay 95746 15% underwater 8% delinquent.
You notice an anomaly here? The fewer homes underwater percentagewise, the higher the delinquency rate?
Follow that anomaly to its illogical conclusion, one could claim that 0 % underwater would result in 9% delinquency and 100% underwater would lead to low delinquency. That would be very wrong, of course. For more fun with useless numbers, the link is below.