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65% Say Struggling Homeowners Should Downsize

Wednesday, March 20, 2013

Most Americans continue to believe homeowners who go "underwater" on their mortgage should sell their home and buy a cheaper one. But most homeowners continue to say they haven’t missed or been late on a payment recently and don’t expect to be late in the near future.

A new Rasmussen Reports national telephone survey shows that 65% of American Adults believe that if someone can’t afford to make increased mortgage payments, he or she should sell their home and buy a less expensive one. Twenty-one percent (21%) believe the government should assist that person in making those payments. Fourteen percent (14%) are undecided. (To see survey question wording, click here.)

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The survey of 1,000 Adults was conducted on March 17-18, 2013 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Fieldwork for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.

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