Part of the next wave, perhaps.

[Ralph S.]

http://www.dailypress.com/topic/sc-biz-0318-walkaway--20100317,0,6060112.story

66 year old buys in 2006, now underwater, see's no chance that it'll ever be worth more than she owes in her lifetime, and walks.

It's now got a name, a "strategic default."

"The fact that people are strategically defaulting