Walking Away In The Bay Area
Posted: Sat Mar 01, 2008 12:59 pmThe numbers say it all- $2600/mo for interest only, or rent the same for $1200?
http://www.nytimes.com/2008/02/29/us/29 ... ref=slogin
"The value of homeownership, then, has increasingly shifted to the home's likelihood to rise in value, like any other investment. And when investments go bad, people tend to walk away".
http://www.nytimes.com/2008/02/29/us/29 ... ref=slogin
"The value of homeownership, then, has increasingly shifted to the home's likelihood to rise in value, like any other investment. And when investments go bad, people tend to walk away".