Should you stay if your home is underwater

Check out this link on the CBS 5 local news: http://cbs5.com/consumer/mortgage.walking.away.2.1483374.html. Here are our comments:
CBS Sacramento Subject: Should you stay if your home is underwater? You are to be congratulated covering super serious problems for buyers over their heads. In addition, the horrible property tax losses for cities and education needs are the aftermath. There are millions of seniors with lock-in problems that live in middle to upper middle class neighborhoods, resulting in the same horrible property tax losses for cities and education needs. Please review our piece that appeared in the San Jose Mercury News Aug. 30th, 2008, now posted on our blog: https://jameshall.wordpress.com/ as well as our proposed legislation. A senior Senator by the name of Anne Mack is speaking to several state legislators about it. The conflict between Federal capital gains plus moving restrictions leads to senior tax inequities that could partially be remedied without a direct attack on Prop 13. Keep it up! James U. Hall

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