There are a still few regions where foreclosure is never discussed beyond the immediate family, but it's less and less often due to the morality issue. This, I believe, is the beginning of the fourth and last wave of home walkaways.
A recent report calculates $67 billion a year less in home interest payments are being made than in early 2008, giving credence to what some have been writing since 2009: a dollar not sent to Wall Street is a dollar to be spent on Main Street.
A Trulia/Harris survey in 2010 found that 57% of men would consider strategic default, but only 40% of women would. In the real world of mortgage default, where walkaways are far more often for survival than strategy, I found the opposite.