As much as I dislike Cramer, I don’t think he’s advocating for *everyone* to do this. Just those that purchased in the last few years in the bubble-zones and are going to be underwater.
I happen to agree with him. For many people, it makes much more sense to just toss the keys. Especially if they are new owners and have little emotional involvement in the house.
Remember, these are people that had no business being buying in the first place.
