'Jingle Mail': Developers Are Giving Up On Properties

Here’s a simple question for all of you. If commercial real-estate companies are walking away from mortgages on properties that are now worth less than they paid for them, why shouldn’t homeowners?


When homeowners do it, it’s seen as a violation of a business contract.  Moreover, the mortgage industry and government then toss in that homeowner’s have a “moral obligation” that’s seen as social contract they’re violating.


But when corporations do it, it’s seen as a smart business decision.


Don’t you love double standards?

~josh

For the article, read The Wall Street Journal

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