possibly noteworthy wrote:
Former Federal Reserve Chairman Alan Greenspan said falling U.S. home prices are "nowhere near the bottom" and the resulting market turmoil isn't showing signs of abating.
He said there are 12 million homeowners with negative equity. Many of those homeowners are likely to foreclose or just walk away.
Good exploration of how walking away from your mortgage is losing the stigma it once had:
RE: Greenspan Says Housing Prices Not Yet Near Bottom