[quote=briansd1]A friend told me that Suzie Orman is now advocating walking away from upside down houses.
I never watch Suzie Orman because I find her obnoxious, but many like her.
Before, my friend was steadfast in that if you can afford the house, you should make the payments. But now he’s seeing the financial wisdom of walking away.[/quote]
Sounds like good advice; and honestly is there any indication at all that the economy overall is improving substantially. Were looking at averaging 2% gdp growth this year if were lucky.
Housing prices in general are going down; and what’s going to happen when interest rates or lending requirements increase? The downward pressure will increase.
Right now, the overall outlook for the US economy and housing market seems bleak from what I’m hearing and reading.
