Mailing In The Keys

An interesting post on The Boston Globe's real estate blog discussed how some home owners who can pay their bills have just decided to stop paying their mortgage because they feel they have lost all the equity in their home.

The theory, apparently, is that it'll take a year or so for the lender to kick them out, and they can save a dozen or so mortgage payments while living rent free.

They then simply mail in the house keys.

There always will be people who go through life looking for some "angle" to get ahead with, but they never do get ahead.

Just doing the right thing day in and day out seems like a much better long-term plan.