A family member of mine bought a place which has dropped nearly 70% now and I think for them, they should just walk away actually, but if they wanted to lower their interest rate from 6% to 4%, heck, give it to them…It’s wiser for them to actually walk away though. I don’t see how doing this “hurts” you when they can use that money to buy goods, travel, etc…to boost the economy.[/quote]
Any government handout has the same effect. Why should this group be favored?[/quote]
Because they are mortgage debt holders. Figure it out.[/quote]
Ask not what your country can do for you, or what you can do for your country, but what you and your country can do for its bankers.
