Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Madharry who wrote (30430)	3/26/2008 7:19:53 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78671

>why should they not turn the keys back to the bank, walk across the street... Like Paul said there are couple reasons: - they hate to move - they have invested in a house (furniture, remodeling, whatever) - they have kids who will scream not to move to another school - they will not get a loan for another house after foreclosing on the old one - they will hate to go through the process of foreclosure There are a lot of things, but people who buy $800K houses don't necessarily like to move out just to win $160K. Although there are different fish in the sea. I will still claim that neither you nor anyone else knows what percentage of people will foreclose vs. sit there underwater.