Seems that there isn't a day goes past that I am not asked about the concept of buying a house. These questions usually come from younger workers who may be barely into their thirties. And the answer I offer them is not what they want to hear. In fact, it flies in the face of everything they have ever heard about home buying, much of it now like the retirements of our parents: not something we can count on for us.
But what about you or someone you know who might find themselves underwater in their homes? Can you walk away? Will you know why?
For more on this topic, visit Target2025.com: Is Owning a Home No Longer Smart Money Management?
Paul Petillo is the Managing Editor of Target2025.com