Averting a property bubble

[piggo]

If your loan is bigger than the value of the property, can't you just opt to not pay? What's there to lose as a cosumer short of your capital?

[egghead]

1. Lose of property
2. Face bankruptcy petition

[CityFarmer]

1. Lose of property
2. Face bankruptcy petition

To add-on

Foreclosure of a property mean "cheap sale", or in other words, less balance to offset the loan