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To: oldfart
We're talking about a few million people who wake up one morning and realize they owe $500,000 on a piece of property that's only worth $450,000.

They can sell and lock in the loss, or they can continue living in it.

What do you do when your car costs more to operate than to replace?

What does this have to do with your house example?

135 posted on 09/25/2006 2:03:31 PM PDT by Toddsterpatriot (Goldbugs, immune to logic and allergic to facts.)
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To: All

Sometimes I think I know what it must be like to try teaching a pig to sing.


138 posted on 09/25/2006 2:07:56 PM PDT by oldfart (The most dangerous man is the one who has nothing left to lose.)
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