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I just watched my neighbors abandon the house across the steet from me.
They purchased the house for 400K, ran up the equity to 700K thinking they would then sell the house and pocket the difference.
They left last week in the middle of the night so no one would see them.
I watched them over the last three years purchase about six brand new vehicles, Hummer's, Harleys etc, new pool and they just walked out.
(They're both LEO's.)
It's not just the poor folk making stupid decisions.
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"The Spartans do not ask how many are the enemy, but where they are."
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