Approximately one million American homeowners will strategically walk away from their mortgages this year. Why? They’re underwater on their mortgages, and the rental market is so cheap that they can live large by paying a landlord instead of a bank.
University of Arizona
Is Walking Away from Your Mortgage the Smartest Thing You Can Do?
Forget about shame and guilt. Don’t worry about your credit score. If you owe way more than your home is worth, simply stop paying the mortgage and don’t feel bad about it, suggests a University of Arizona professor.
