[quote=BigGovernmentIsGood]People who are even slightly under water should stop paying their mortgage. You can win two ways. First, you may never get foreclosed on. Second, you might be able to beat the forecloser in court. Either way, there’s a decent chance that you could wind up never making another payment on your house again.[/quote]

You are completely right. Which is sad. We now have a culture in this country – thanks to the lovely “businesses” that now do this all the time – where as soon as something goes wrong, blame somebody else and make them eat it.

Combined with the Fed’s blatantly overt efforts to completely debase our currency, it makes me wonder why my family bothers trying to practice fiscal prudence at all. We live in a modest house, nowhere near the max we can afford, and save 30% of our income for the future (college/retirement).

But maybe we should just run out and buy new BMW’s instead.