You know what really sucks? Jingle mail! Well at first I thought the term is kind of funny. Just think, the joy of putting the keys to my house in an envelope, licking it shut, and having a good chuckle thinking of the bank having to deal with my home that has depreciated over 70 grand in six years.
Here's what sucks. We needed a house and so we bought one but as it turns out six years ago was a really crappy time to purchase a house.
So now people like me and Chris, and lots of other people out there have been screwed by the subprime homebuyer and the house and commodity speculators. The Wall Street Jerks who made it all so easy kept what they stole, and then got bailed out!
So now people who can make their payment but choose not to send their "jingle mail" back to the lending companies, because it makes financial sense.
Well guess what people we bought our houses and we agreed to pay for them, so if we are financially able to pay for them we should!! But nonetheless it SUCKS.