I believe it is unethical to walk – not holding your end of a legal and binding contract. The fact that banks typically don’t do anything about it doesn’t make it okay, but from my perspective people walking will end up benefitting me more than bailouts.

Again though, I think the fact that this is such a prevalent issue is indicative of our country as whole unwilling to accept responsibility for their own choices. If you can afford your home, even if you’re upside down, why would you walk out? I think it proves you were a speculator, not just looking for a home.

But I am curious, if you could go back watuppp, would you still buy? Or would you wait.

There may be a good business opportunity in helping banks track down people who bail. Starting this fall on HGTV… The ARM Bounty Hunter.