Do you think an unemployed, underwater homeowner is less likely to move to take job?

[joshuagraham]

(i.e., vs. a renter)

Here is an interesting blog post about this, where the author is saying that no, the reason that folks aren't moving is because the job market elsewhere is just as bad (if not worse!)

http://economistsview.typepad.com/economistsview/2013/07/the-myth-of-the-lock-in-effect.html

I figure that folks in danger of foreclosure here could think of themselves considering this decision.

[keepsmiling]

Recovery my patootie. Everyone I know is still losing jobs at the same rate as before.