BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Is A Mortgage Like A Marriage

Market Movers

by Felix Salmon
Main
Municipal Default Alert: Vallejo, California   Wine Datapoint of the Day

Recent Blog Posts

Links

Feb 29 2008 12:00am EDT

Is a Mortgage Like a Marriage?

It's great to see my friend Christian Menegatti quoted in a front-page NYT article. But what will his wife think?

Christian Menegatti, lead analyst at RGE Monitor, said the firm predicted more homeowners would walk away from their homes if prices continued to drop, regardless of their financial circumstances. If home prices drop an additional 10 percent, Mr. Menegatti said, 20 million households will owe more than the value of their homes.
"Will everyone walk out?" he said. "No. But there's been a cultural shift. Buying a house used to be like entering a marriage, a commitment for life. Now, if you see something better, you go back into the dating market."

Jingle mail seems to be in the air; the WSJ has a long article on the subject too. As ever, the most intelligent discussion can be found at Calculated Risk.

. □

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More