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Walk Away From Your Mortgage!

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TWO-TIERED MORALITY
"Time was, Americans would do anything to pay their mortgage — forgo a new car or a vacation, even put a younger family member to work," writes Roger Lowenstein in the NY Times Magazine. "But the housing collapse left 10.7 million families owing more than their homes are worth. So some of them are making a calculated decision to hang onto their money and let their homes go. Is this irresponsible?"
SOURCE:   New York Times

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