If Your Home Is Underwater, Should You Keep Paying the Mortgage?
Written by Gary North on March 13, 2012
Six years after home prices peaked in the USA, families are still trapped. It’s getting worse, month by month. They cannot sell their homes in order to take better-paying jobs. Think of the couple that bought a home in the Los Angeles suburb, La Puente. They paid $415,000. Then they took out a second mortgage. […]Continue reading →