{"id":270081,"date":"2010-02-03T05:32:00","date_gmt":"2010-02-03T10:32:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/homeowner-realizes-it-makes-way-more-sense-to-walk-away-from-underwater-home-rather-than-stay-until-2040-2010-2"},"modified":"2010-02-03T05:32:00","modified_gmt":"2010-02-03T10:32:00","slug":"homeowners-choice-walk-away-now-or-stick-around-until-2040-when-prices-recover","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/270081","title":{"rendered":"Homeowner&#8217;s Choice: Walk Away Now, Or Stick Around Until 2040 When Prices Recover"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b0281ca0000000000e82d4d\/foreclosure-homeowner-sad.jpg\" border=\"0\" alt=\"foreclosure homeowner sad\" \/><\/p>\n<p>Want to know why the mediocre Case-Shiller numbers that we&#8217;ve gotten in recent months are such a huge deal?<\/p>\n<p>Think underwater homeowners.<\/p>\n<p>According to the <a href=\"http:\/\/www.nytimes.com\/2010\/02\/03\/business\/03walk.html?ref=business\">New York Times<\/a>, the &#8220;stalling&#8221; market means that underwater homeowners will hit 5.1 million this June, up from 4.5 million in Q3 of last year.<\/p>\n<p>And of course, that means a lot more folks simply deciding to walk away, such as the main character in the Times&#8217;s piece:<\/p>\n<p style=\"padding-left: 30px;\">In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040.<\/p>\n<p style=\"padding-left: 30px;\">&ldquo;People like me are beginning to feel like suckers,&rdquo; Mr. Koellmann said. &ldquo;Why not let it go in default and rent a better place for less?&rdquo;<\/p>\n<p>Exactly.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/homeowner-realizes-it-makes-way-more-sense-to-walk-away-from-underwater-home-rather-than-stay-until-2040-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-deadbeat-jerk-or-practical-realist-weigh-in-on-this-woman-who-walked-away-from-her-mortgage-2010-1\">Deadbeat Jerk Or Practical Realist? Weigh In On This Woman Who Walked Away From Her Mortgage<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/why-all-the-arguments-for-walking-away-from-your-mortgage-are-pathetic-2010-1\">Why All The Arguments For Walking Away From Your Mortgage Are Pathetic<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/how-to-walk-away-from-your-mortgage-2010-1\">How To Walk Away From Your Mortgage And Save Thousands Of Dollars Per Month<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/DRCV0z26OtE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Want to know why the mediocre Case-Shiller numbers that we&#8217;ve gotten in recent months are such a huge deal? Think underwater homeowners. According to the New York Times, the &#8220;stalling&#8221; market means that underwater homeowners will hit 5.1 million this June, up from 4.5 million in Q3 of last year. And of course, that means [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-270081","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/270081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=270081"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/270081\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=270081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=270081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=270081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}