Its is a big deal to middle or low income earners, but for the rich with lots of cash and million dollar homes under water, not a biggie. Makes sense to leave it instead of paying lost equity in the mortgage. Now we dont know his bank account, other properties owned and debt, we cannot make a conclusion he is rich or poor based on his home finances. Its a 2.5 million dollar home! Definitely not a low-middle income earner
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