Is your mortgage a moral obligation? or simply an economic one?
Last week I wrote this post in response to an article in the NY Times that addressed the issue of whether or not your mortgage is a moral obligation or just an economic one. The topic is gaining more and more attention as more and more homeowner’s watch the value of their home fall further below their mortgage balance.
This morning NPR’s Planet Money did this piece in which they also addressed the subject.
It’s certainly an interesting topic and one I’d like to hear your opinion on.