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Run, Don't Walk Away

New, 17 comments

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]