[quote=briansd1]
I think that being $50,000 underwater it the tipping point that make homeowners want to walk.[/quote]
I think depending on property and location, I can see people holding on if they were 50k underwater. You know, if you were in a condo conversion and you were 50k under, then yes, I can see them walking. If you were in a SFH in a desired area, I can see people clinging if only 50k upside-down.
But at a certain point, the tendency is to stop paying. That is the trend. Sheeple lined up to buy w/no money down and then take HELOCs. They seem to be doing the same again. Whatever it takes, they have a “lifestyle” to maintain.
