Detroit councilman walks away from his mortgage

The Sacramento Bee reports:

It was their dream home, a two-story, four-bedroom colonial in one of Detroit's nicest and most stable neighborhoods.

But then, one day in December, City Councilman Kwame Kenyatta and his wife packed up their belongings, locked the doors, mailed in the keys and walked away - adding another vacant house to the thousands in a city hard hit by the nation's mortgage crisis.

"We're already underwater when it comes to what we're paying on the house versus what the house is worth," Kenyatta said.

Great moments in Blue America.