139. businesses and investors walk away from bad investments all the time
why is it good for them but bad for us?
The point of the OP is that if it makes financial sense to walk away from an upside down house you should do so. You do not have a moral obligation to a bank, you have a contractual obligation with financial penalties for default. If those penalties are far less than the loss you are taking by continuing to pay for a pre-crash valued mortgage, you are financially stupid to continue to pay the mortgage.
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