As a real estate agent in Pierce County, Washington ,
I have been plagued by an ever-present moral dilemma: For those home owners under water, is it okay to simply walk away from their house, let it fall into foreclosure and essentially 'house squat' while saving their monthly mortgage in a reserve account. 
My first reaction: this is morally wrong and contributes to our countries overwhelming air of 'entitlement' and decline of moral fiber. As Americans, we have a false sense of entitlement perpetuated by our government. Recently heightened by Obama's plan to help borrowers out, this plan like many others has created a buzz.... Now I understand that many people do need help, but like all programs, you can always bet that someone will take advantage of the system.
My first reaction: this is morally wrong and contributes to our countries overwhelming air of 'entitlement' and decline of moral fiber. As Americans, we have a false sense of entitlement perpetuated by our government. Recently heightened by Obama's plan to help borrowers out, this plan like many others has created a buzz.... Now I understand that many people do need help, but like all programs, you can always bet that someone will take advantage of the system. 
On the flip side, certainly the average American cannot bear the burden or responsibility of corporate America's greed. We're just the little people, right? Not only that, one should walk away and not feel the least bit guilty! To take it one step further, underwater home-owners would be 'financially irresponsible' NOT to walk away. This is a very thought-provoking article from the Seattle Times and the professor responsible for this article....where do you stand???
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