Nequity

What is Nequity?


1.

Negative Equity. This happens when your house value is less than the purchase price minus your down payment.

Joe put 20% down on a $500,000 house, the market crashed and the house is only worth $380,000. Joe now has $20,000 of Nequity.

See equity, negative, housing, crash, real estate


44

Random Words:

1. Redneck for They took our jobs! 1.) Used when those goobacks from the future come to our present time and start taking over peoples job..
1. A way of saying something has just propeled off at a high speed. Did you see that Ferrari?! It just went zoomoosh!..
1. To skin up a mountain to be able to ski down it. AT and Tele gear are the main forms of travel (some split boards). It is a degrading ..