Sinking values prompting homeowners to consider strategic default as best business decision

The Chicago Tribune reports:

Strategic default — opting to walk away from a mortgage you can afford — isn't a new phenomenon in the housing crisis. But with home values continuing to decline, more owners are finding themselves in a position where they may see it as a savvy business decision to destroy their credit rather than wait years for prices to recover.

Here's one reason real estate prices are heading lower.