Open Thread

November 28th, 2008 10:23 AM

For general discussion and debate. Possible talking point: Stop paying your mortgage!

If you owe more on your home than it’s worth, you’re foolish to continue making monthly payments...And here I thought I was being wise all these years taking extra income from my business and paying down my loan balance so as to increase my equity and move closer to owning my home outright.

In the immortal words of Eliza Doolittle, what a fool I was.

Read the whole thing and give us your thoughts.