and there are many times when some obviously should have walked, think of those who found a place they ‘just loved’ and couldn’t walk away from, whose fault is that?
As for a specific geographic location such as central Florida, even there, I’d guess there are still small towns that real estate would be priced cheaper, or they could buy a piece of land and get a trailer house, there’s options. Bid more than a house is worth and they are going to have to live up to that obligation, it’s their choice
“and there are many times when some obviously should have walked, think of those who found a place they ‘just loved’ and couldn’t walk away from, whose fault is that?”
You don’t understand, this was even happening at termite infested hovels in the inner city. It wasn’t about the ‘dream home’ it was about having a home period.
“I’d guess there are still small towns that real estate would be priced cheaper, or they could buy a piece of land and get a trailer house, there’s options.”
I can tell you don’t live here. Any place within 50-60 miles had the same thing. Sure you could save some by going that far away but everyone else had the same idea.
I like how people like you always focus on the buyer and call them scumbags, while ignoring the blatant fraud in our govt and the banking industry.
amazing
>>and there are many times when some obviously should have walked, think of those who found a place they ‘just loved’ and couldn’t walk away from, whose fault is that?<<
Part of it depends on why you bought the house.
If its for speculation or non-speculative short term use then walking away may make sense.
But I bought my house for wife and I to live for at least 20 years to start and raise a family. Our monthly payment is a bit less than our rent was and so the market value of the house doesn’t make that difference to me.
Not to say I won’t be sad if we go underwater but it won’t have significant practical effects.