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| Now this may sound simplistic, but if a homeowners house value drops by 20%(assuming with that drop he owes more than the house is worth) and he can keep up the mortgage payments, why the need to walk away? Owning a house like land should be considered a long term investment. Markets go up and markets go down. Every homeowner needs a place to sleep, and if his job is stable, why the need to jump ship? Please explain to this dumb farmer why the masses will walk away from their mortgages and homes. | |
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This guy is good and its bad
