- Image by Troy Holdenvia Flickr
There are some amazing things happening in the mind of the American homeowner who is facing declining values and high mortgage payments. The question is being posed, “Is this a good investment and should I keep making these high payments, even though I can afford them?” Check out this interview with homeowners on the Today Show who have decided that they will not continue to make payments on their home they now view as a bad investment. http://today.msnbc.msn.com/id/26184891/vp/36661157#36661157
While I am not advocating a particular course of action, I simply wanted to note the shift in thinking on the topic of home retention in the middle of this economic crisis.