In a story about the people walking away from their mortgages, the New York Times reports the move is now seen by some as smart, not unethical. And hey, if Tishman Speyer can do it, why not homeowners? "Bloggers were quick to note recently that landlords of an 11,000-unit residential complex in Manhattan showed no hesitation, or shame, in walking away from their deeply underwater investment." [NYT]
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Koreatown Craftsman With Lots of Hand-Carved Woodwork Asks $1.5M
Built in 1910, the house sits on a lush property that includes a recording studio out back.
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