PBS did a revealing segment on home owners who have entered into strategic mortgage defaults as a “business decision.”
Hat Tip: Tim Iacono
The fact that people are able to live mortgage and rent- free for a couple of years before foreclosures complete is amazing. Quite a leg up if you are able to keep earning and saving money while you wait.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”