Mortgage Defaults: Many Are Intentional, Study Finds

Most people can handle a 10%-20% drop but how many can swallow a 50%-60% drop ! This problem seems to be contagious. If all your neighbors walk away, are you going to stay and keep paying the same bank that is getting bailed out by the fed (via your tax dollars) ?

Mortgage Defaults: Many Are Intentional, Study Finds (time.com)