[quote=jficquette]
I just encounterd my first strategic walk away homeowner.

They has a $7k house payment on a $1.2 mil house bought in 2006. They just moved 3 weeks ago into a rental house for $3500 per month in Carlsbad.

They put down $80k down on the house and figure at $3500 per month in savings they will have it made up in a couple of years.

I guess that is happening more and more now.[/quote]

Complete hijack… Is this person a contractor with an Irish sounding name? Wonder if it’s the person I’m thinking of. Everything fits except the person I know bought in 2005.