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In which the rich soak everyone else.

July 9, 2010

I certainly won’t be the only one touting this NY Times story on how wealthy folks are walking away from their bloated mortgages and McMansions at 3 times the rate of us Ordinary Joes. The Times quotes Sam Khater, the senior economist for CoreLogic, which compiled the data. “The rich are different,” Khater said. “They are more ruthless.

Why does this story make me think of LeBron James? He would certainly never walk away from his home.

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