Would you Walk Away from your Home

[Frugal]

I personally would not walk away from a home, ever, even to save money on a house or other bills. A house has emotional value and memories, more than just a monetary value. That being said, in some situations it could be a hard call whether to walk away from a home or stay behind and stick things out, when the going gets hard financially...

[jerrycates]

It is not really like walking away from home but rather moving out so you can try to live your life on your own. It is a good thing to do. It can help and mold someone into something in the long run.

[littleroc02us]

Originally Posted by disneysteve

Obviously, this is an issue that we won't ever resolve. The folks who feel it is morally and ethically wrong to default on your mortgage if you can afford the payments aren't going to change their minds. The people who see nothing wrong with defaulting on your mortgage aren't going to change their minds either. Not much point in continuing to go back and forth on the issue.

My only question to that statement would be this, "So moving forward when I sign promisary financing papers for the purpose of buying a car, boat or house, am I obligated to pay the loan back from this point on? My perception from this post is that some people say I don't have to pay back the loan and others say I should, so what do I if things are going bad in my life? I don't think I'll pay. This may help me in the future.