Would you walk away from your home?
January 21, 2009
I’ve been reading a lot lately about people who are walking away from their homes, not because they can’t afford the payments, but because they don’t feel their homes are worth enough.
On the MSN Money Community message boards, it’s not uncommon to see the discussion pop up. The topic is usually brought up by a homeowner who is considering walking away. Sometimes the topic is broached by people who are outright frustrated watching people walk away from their homes.
Inevitably the debate boils down to: Is it wrong to walk away from your home?
NPR did a piece about this very thing nearly a year ago when the reality of sinking home values and foreclosures was really sinking in.
On MSN, Liz Pulliam Weston wrote an informative story about when to walk away from your home.
What are your thoughts on the topic?
Comments
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