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[Javaman]

That's as deep as I looked before I became too depressed to press on.

It gets worse. About 20% of all mortgages are upside down. They further under they get the more likely it is for people to walk away. This study was only from 2008 too.

http://www.npr.org/templates/story/story.php?storyId=101465335

In 2008, U.S. residential property shed $2.4 trillion in value, which left 8.3 million mortgages in what experts describe as "a negative equity position." That's 20 percent of all mortgages in the country, according to First American CoreLogic.