Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/should-you-swim-away-from-an-u Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Should You Swim Away From an Underwater Mortgage? Economy Jan 3, 2011 10:42 AM EDT Your mortgage is underwater. Making the payments is both difficult and demoralizing. Is it ethical for you to walk away? As we’ve reported, there are arguments both ways. Here’s a feature to help you make up your mind. Public broadcasting station KQED of San Francisco generated this interactive tool about a year ago. Get the YouDecide UnderwaterMortgages 300 widget and many other great free widgets at Widgetbox! Not seeing a widget? (More info) “We wanted to present users with a hot-button issue that people tend to think of passionately, think of in black-and-white terms,” said Nick Vidinsky, a producer on KQED’s You Decide project. “Then we present ideas, facts and information that would challenge the preconceived notions they came into the yes-no question with.” So, what would you do? Try it out. See how your choice compares with others. While the home price index data is slightly dated, it still reflects the general picture. In the words of the interactive graphic: “more than 80 markets nationwide can expect to see at least half of mortgage borrowers underwater in 2011.” “Should you walk away from an underwater mortgage?” is a part of KQED’s You Decide project, which was created as part of a collaboration with the Corporation for Public Broadcasting and other public media outlets, including the NewsHour, to cover the economic crisis. A PBS post about it resides here. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now
Your mortgage is underwater. Making the payments is both difficult and demoralizing. Is it ethical for you to walk away? As we’ve reported, there are arguments both ways. Here’s a feature to help you make up your mind. Public broadcasting station KQED of San Francisco generated this interactive tool about a year ago. Get the YouDecide UnderwaterMortgages 300 widget and many other great free widgets at Widgetbox! Not seeing a widget? (More info) “We wanted to present users with a hot-button issue that people tend to think of passionately, think of in black-and-white terms,” said Nick Vidinsky, a producer on KQED’s You Decide project. “Then we present ideas, facts and information that would challenge the preconceived notions they came into the yes-no question with.” So, what would you do? Try it out. See how your choice compares with others. While the home price index data is slightly dated, it still reflects the general picture. In the words of the interactive graphic: “more than 80 markets nationwide can expect to see at least half of mortgage borrowers underwater in 2011.” “Should you walk away from an underwater mortgage?” is a part of KQED’s You Decide project, which was created as part of a collaboration with the Corporation for Public Broadcasting and other public media outlets, including the NewsHour, to cover the economic crisis. A PBS post about it resides here. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now