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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (48157)12/25/2005 8:41:47 AM
From: Tommaso  Read Replies (3) | Respond to of 110194
 
My house is free and clear, too.

There's an article in today's NY Times about a, among other things, a Japanese man who owes $300,000 on a condo that is only worth $200,000. He seems to be just making payments on his debt. No wonder Japan is bogged down. I wonder how people in the U. S. will handle it--probably by just walking away.