Although I don't always agree with him politically, it seems to me that Kenyatta did the mature thing here, as he has done in office, and took care of his family's financial future rather than sink into a foreclosure situation and put at risk whatever savings he has. Even at the potential risk of some of his possible political future, to say nothing of his personal credit. But it's hardly like he's alone amongst Detroiters and people in the Detroit area in having to make these tough decisions. It's a shame for the neighborhood, for sure, but you're going to see a lot more of this kind of thing happening in nicer neighborhoods as values and saleability decline and more people find themselves way underwater with little hope of any near-term relief. I personally know of a few cases like this in Indian Village, Jefferson Ave. apartments, and Palmer Woods.
Last edited by EastsideAl; April-21-09 at 11:09 AM.
Its is quite presumption to judge a persons over all character due to a ridiculously high mortgage payment, particularily during a recession in which its wise to keep as much money as possible available for food, gas [[that goes up and down daily) or whatever else may come up. Keep in mind everything is going up except for salaries, so rather than steal from the city like the Kilpatricks he made other moves to put his family in a better financial position.
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