送交者: PhonyDoctorPhD 于 2005-5-12, 12:45:08:
回答: Woa, that sound more like a real PhD:-) 由 fengcu2000 于 2005-5-12, 09:43:09:
Yes, I used an extreme case, but those who did
not lose their job actually experienced
an effective "pay cut". If you are paying
$5000 Morgage on something worth 1mil, that is
okay, but if you are paying $5000 on something worth
only 500k, that is throwing money away. In effect,
your income is much lower. Simply imagine the $5000
as investment intended for future gain, in a
shrinking house market, that $5000 committed
investment will have negative gain.
Therefore, much better off to declare bankrupcy
if you can start over.