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Updated almost 15 years ago on .

Ralph S.'s profile image
Ralph S.'s profile image
Ralph S.
  • Real Estate Investor
  • from Sacramento, California
  • Member since Mar 29, 2008
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566
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Ralph S.'s profile image
Ralph S.'s profile image
Ralph S.
  • Real Estate Investor
  • from Sacramento, California
  • Member since Mar 29, 2008
Connect
Ralph S.
  • Real Estate Investor
  • Sacramento, CA
355
Votes |
566
Posts
Real Estate News & Current Events

Part of the next wave, perhaps.

Ralph S.
  • Real Estate Investor
  • Sacramento, CA
Posted

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

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