Quote:
Originally Posted by FoolFromAZ
I have been paying my bills on time. never late on any of the bills. making monthly payment is not a problem. Its really frustrating to see your house price going down and people in your community walking away one by one.
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I suspect the folks walking away are in a very different situation than you. They probably can't afford the payments. They may have bought with ARMs or IO loans that are now adjusting sharply higher. Perhaps they had hoped to flip the house or refi before that happened and now they can't sell so they're screwed.
You bought the house. You can afford the house. You plan to remain in the house. Keep paying the mortgage and ignore the folks around you. It doesn't affect you.