"Occupiers" push Nov. 1 for U.S. to stop paying mortgages en masse.

Quote from 5yrtrader:

Calling an asinine statement "ass nine" is in itself asinine. Hilarious.

5yr
More...
Ouch!





I'm going to continue paying my mortgage. Something about signing a contract makes me feel obligated to do what I promised to do. Call me old fashioned.
 
Homeowners who don't pay their mortgage ought to be kicked out or straight to jail , whatever happened to personal responsibility in today's world ? Idiot homeowners who bought between 2004 and 2007 are a big part of our problems . Subprimes and ninja loans were great actually for people who needed them ( those with no credit history like immigrants, day laborers etc) , but idiots got way over their head and did not understand they were buying into a bubble. So now if you want to buy a house and have a patchy employment history or credit history forget it. And the govt wants to bail out all the idiots.
 
Quote from trade2live:

Homeowners who don't pay their mortgage ought to be kicked out or straight to jail , whatever happened to personal responsibility in today's world ?
More...

How about the responsibility of banks to be liable for their own idiotic mistakes? Everything goes out the window when you bail corporations out. The government has shown the game is rigged so the fact that individuals want to level the playing field is fine by me. The fact that Bank of America is still doing business is an insult to capitalism and should be an insult to every American.
 
Perhaps all purchases should be cash. The world would be simplified if there were no such things as home loans, car loans, credit cards, and student loans. It would bring prices down for everything.
 
Quote from DT-waw:

no, people who demand free lunch without working for it are 100% of the problem!

the banks didn't force them to take the loans.

on the other hand, central bank should not bail any bank.
but since the delusional masses do not object....
the banking gangs will get richer and richer, its fantastic to have such moronic customers :D
More...

+1

Baffles me who think this isn't true.
 
Quote from denner:

This is nothing new however. There are legions of strategic defaulters around the country who just decided to play a game of "chicken". It's played no small part in consumer spending since probably 2008 and there are anecdotal accounts of the number of people who have been "legally" squatting inside of their dwellings with nary a bother from the institutions which cannot locate title to the property in question.
More...

Trump has strategically defualted a few times and no one seems to call him a criminal.

So I cant shed too much of a tear on this subject. Someone played the game, they took a bath and they are walking away.

Buisness do it all the time.
 
You must log in or register to reply here.
Back
Top