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It is a difficult thing for me to answer this. On one side my gut tells me that I think you should not be able to break a contractual agreement and should have to abide by your word. That being said if your value is decreased to such a degree where there is no reasonable hope that you will make your money back, just like the bank took the risk on the loan and is making profit on your mortgage, it is collateral agreement and I can not honestly say don't walk. If it was me I do not know if I could just waste money for 20 years knowing I will be throwing away money.
This is an issue I have thought about since I follow real estate a lot and I know of a number of communities where this is a big issue.
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Now, a clever man would put the poison into his own goblet, because he would know that only a great fool would reach for what he was given. I am not a great fool, so I can clearly not choose the wine in front of you. But you must have known I was not a great fool, you would have counted on it, so I can clearly not choose the wine in front of me.
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