It has become common water cooler talk, Facebook fodder and the hot topic of discussion at my daughter's soccer practice: Why keep an asset that is severely depreciated and not increasing in value any time soon?
At a certain point, as one parent put it, it really just becomes a business decision. As Americans have watched major corporations like Simon (the largest shopping mall owner in the United States) developers and so many others just "turn in their keys" to the banks, it does cause many families to take stock in their own assets and consider making that strategic business decision.
Top real estate and economic experts met at New College in Sarasota this week for a seminar called "Housing-What's Next," and revealed some interesting statistics showing that despite some shadow inventory coming on to the market from buyers choosing to strategically default, the light at the end of the tunnel is in fact burning brighter -- with some pitfalls that may still surface along the way.
Read the rest of the story with shout outs to Neal Communities and Biz941 here on Yahoo News.