I’m considering walking away and I can afford the payments when my loan resets. I simply don’t see any reason to stay in a home if it’s worth 100K less than the original purchase price. Your conclusion that people who walk away are the ones who inflated the price is wrong. This whole mess is simply business. People are going to do what is best for them individually. When I bought the house there were contract terms. I’m simply exercising my options under the terms of the contract. I’ll stop making payments and suffer the negative credit ramifications. Making the penalties for walking away more severe after the fact is wrong.
