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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (30422)	3/26/2008 3:18:05 PM
From: Paul Senior	Read Replies (4) \| Respond to of 78673

Well maybe people can move out of their homes with no penalty, but they've got to live somewhere. Getting back in to a home will be more difficult for people who've skipped. Although this next home they'd be getting might've come down in price, this time I will expect they will have to put up a bunch of downpayment before someone would be willing to lend them money. One hopes anyway that lenders are now protecting themselves from such deadbeats. I'm not understanding how people who've bought a house to live in for their family, consider drops in house prices. So the house drops in value. They need/wanted that house, they have money for the mortgage - for me, I assume they would continue to pay. People buy cars, they depreciate right off the dealer's lot, people accept that and don't renege on their payments just because that happens.