3 ms·
Exactly.....something that i never understood in all these articles is this: If I have bought a home for living in it, and not for speculation, how does it matt
by adharmad 17y ago
Exactly.....something that i never understood in all these articles is this: If I have bought a home for living in it, and not for speculation, how does it matter what its market price is? I knew _before_ I bought it what I will be paying the whole way and I don't want to sell it.
- chrisgoodrich 17y agoAbsolutely. I think this is the root of why most people do continue to pay their mortgages. If you can afford the payments and are satisfied with where you live, then there is no reason to abandon your mortgage. Then there's the other group who (a) can't afford their mortgage anymore or (b) want out. This is the group who should evaluate this as a financial contract and evaluate the risks/benefits of abandoning the mortgage.