[quote=poorgradstudent]Faced with a choice of walking away and breaking even and facing 7 years of bad credit or 14 years of house payments to get back to zero, I have a hard time faulting people for taking 7 years, unless they LOVE their home.[/quote]
A lot depends on the loan. I continue to believe that todays loans are a bargain never to be repeated in my lifetime. As long as our government spends like there is no tomorrow, there may be no tomorrow for the dollar.
