May 11, 2010 UPDATE since original post:   60 Minutes with Morley Safer did a piece on Strategic Defaults on May 9, 2010 that you may want to check out.

Today’s New York Times is running its latest article on the growing phenomenon of homeowners walking away from mortgages.  Check out the article by David Stretfield, entitled “No Help in Sight, More Homeowners Walk Away.” Not that this is news to you if you’re reading this blog, as I’ve posted on this

topic before in the post “Strategic Default: What is That?” and “American Dream 2.0: Default and Then Rent.”

My favorite take aways in the pop culture contribution department: What used to be called “house poor is now called “house arrest.”  And the new phrase for mailing the keys to the lender?  “Jingle mail.”  Cute.