"But, when a long train of abuses and usurpations, pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security." ~ Declaration of Independence
32 Percent Of Americans Would Have No Problem Walking Away From Underwater Homes
Submitted by mhstahl on Sat, 2012-10-06 00:00
in
"A large number of Americans who are underwater on their mortgages would be better off financially if they walked away from their homes," Brent White, a University of Arizona real estate expert, told Business Insider in a past interview.
"They don't because we have a double standard ... individuals are told they have a moral obligation to pay their mortgages and corporations understand that contracts are to be breached when it's not economically efficient."
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