Maybe it is a moral obligation to walk away… make the banks, agents, appraisers, investors, and politicians pay dearly for the mess 99% of them created.
Maybe walking away is a moral obligation for the betterment of future generations.
Your house is a place to live in. A place to retire in (without monthly payments). It is not an atm machine to live beyond your means. It is not a place to pull money out so you can go speculate, flip properties and buy a hummer.
I say out with:location, location, location.
and in with: walk, walk, walk
better yet: 30 yr amortization, 30 yr amortization,
30 yr amortization.
FYI, I have mortgages, I rent, I’m a landlord, I have done well investing in 1st and 2nd trust deeds. I have recently been “walked on” on a 1st trust deed that I hold.
