Should you walk away from home debt?
https://www.bobbimccormick.com/i2y9um4ku7t Nothing in your hand; it is what underwater homedebtors have. They occupy a house -- just like renters do -- but most of them do so at a huge premium to renting. Underwater homedebtors have no equity; what they do have is the dream of equity in the future. They have a position in a financial market that most resembles an option contract that is out-of-the-money. People who are underwater today and paying a premium are still hoping they will get a return on those premium dollars when their house value rises above their mortgage and puts them back in-the-money. Mostly this is based on fantasy or Zillow Zestimates or some other such nonsense, when in reality, their property values…[READ MORE]https://www.greenlifestylemarket.com/2022/11/17/6rxbjnb5mu6