Yes, home values are still falling…well, maybe not the value, but certainly the price. The value is still at least partly centered around owning your own home and the security and enjoyment you get from having your morning coffee in your own home.

None the less, the headlines about people walking away from their homes because the price value has fallen and moving into a rental is curious. When you buy a home, you ‘promise’ to pay the mortgage. Your promise is your word, and it is really significant that in this day and age, your promise, your WORD, will secure a large loan of money that gives you the deed to a house and garden.

I see fear as the main factor. The man featured in this morning’s article thought he would walk away and rent something cheaper. He still needs a place to live. Do you think the value of your promise has lost as much value as the price of your home? What do you really think?