Okay, how about we end this “argument” and try to simplify things a bit. Rt.66, do you think it’s out of the question that some homeowners will give themselves their own form of debt relief simply by ignoring their second for some period of time?
Maybe their credit will take a hit. Maybe they’ll have this nasty debt liability they’ll have to take care of some number of years down the road. Maybe a lot of things, but they’ll get to “keep” their house, keep junior in the same school and maybe down the road when “life is better” they (believe) they’ll be able to get things back in order.
Does this seem like a reasonable premise to you? There is one solid argument that I can think of and another one that’s hedgey, but not interesting. Anyway, what do you think?
