Originally Posted by MediaArtist
Yes, people can walk away from the house, and from their debt obligation, so that the rest of the U.S tax payers can pay for their idiotic decision to buy a home they couldn't really afford once FHA needs a bailout.
I agree with MA here.
It's that kind of mentality which has attributed to the current economy. Get the biggest, most expensive house you can buy with little to zero down, don't worry if you can't afford it, someone else will take the hit if you stop paying.
That poster probably tells people who have negative equity in their property to stop paying because the bank will take a long time to foreclose and they can live for rent free.