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  • March 10, 2008 at 5:46 PM #12057
    kev374
    Participant

    Looks like all the coverage in the media about people just walking away has made it more socially acceptable. I guess an increasing number of people are thinking this way!

    http://www.city-data.com/forum/mortgages/269521-how-do-you-go-about-walking.html

    March 10, 2008 at 6:08 PM #167044
    Bugs
    Participant

    We live in the information age. I don’t think we really know how long the half life of some of this information will end up being.

    I’m not convinced that the “everyone’s doing it so in time it won’t be a big deal” rationale that some people are pushing right now is going to pan out in the long run.

    March 10, 2008 at 6:08 PM #167365
    Bugs
    Participant

    We live in the information age. I don’t think we really know how long the half life of some of this information will end up being.

    I’m not convinced that the “everyone’s doing it so in time it won’t be a big deal” rationale that some people are pushing right now is going to pan out in the long run.

    March 10, 2008 at 6:08 PM #167369
    Bugs
    Participant

    We live in the information age. I don’t think we really know how long the half life of some of this information will end up being.

    I’m not convinced that the “everyone’s doing it so in time it won’t be a big deal” rationale that some people are pushing right now is going to pan out in the long run.

    March 10, 2008 at 6:08 PM #167402
    Bugs
    Participant

    We live in the information age. I don’t think we really know how long the half life of some of this information will end up being.

    I’m not convinced that the “everyone’s doing it so in time it won’t be a big deal” rationale that some people are pushing right now is going to pan out in the long run.

    March 10, 2008 at 6:08 PM #167466
    Bugs
    Participant

    We live in the information age. I don’t think we really know how long the half life of some of this information will end up being.

    I’m not convinced that the “everyone’s doing it so in time it won’t be a big deal” rationale that some people are pushing right now is going to pan out in the long run.

    March 10, 2008 at 10:51 PM #167198
    Multiplepropertyowner
    Participant

    Socially acceptable? If you can walk away for free who cares what society thinks. If I needed to walk away and could do it for the benefit of my family, I totally would and anyone pious enough to say they would not has not been in that situation yet.

    March 10, 2008 at 10:51 PM #167622
    Multiplepropertyowner
    Participant

    Socially acceptable? If you can walk away for free who cares what society thinks. If I needed to walk away and could do it for the benefit of my family, I totally would and anyone pious enough to say they would not has not been in that situation yet.

    March 10, 2008 at 10:51 PM #167520
    Multiplepropertyowner
    Participant

    Socially acceptable? If you can walk away for free who cares what society thinks. If I needed to walk away and could do it for the benefit of my family, I totally would and anyone pious enough to say they would not has not been in that situation yet.

    March 10, 2008 at 10:51 PM #167524
    Multiplepropertyowner
    Participant

    Socially acceptable? If you can walk away for free who cares what society thinks. If I needed to walk away and could do it for the benefit of my family, I totally would and anyone pious enough to say they would not has not been in that situation yet.

    March 10, 2008 at 10:51 PM #167557
    Multiplepropertyowner
    Participant

    Socially acceptable? If you can walk away for free who cares what society thinks. If I needed to walk away and could do it for the benefit of my family, I totally would and anyone pious enough to say they would not has not been in that situation yet.

    March 11, 2008 at 1:19 AM #167559
    Doofrat
    Participant

    If they find it is in their best interests, they should walk away. It’s non-recourse debt and the banks knew that when they wrote the loans. sarcasm on The banks of course factored in a margin to account for the possibility that some of the loans would go bad. sarcasm off 😉

    March 11, 2008 at 1:19 AM #167657
    Doofrat
    Participant

    If they find it is in their best interests, they should walk away. It’s non-recourse debt and the banks knew that when they wrote the loans. sarcasm on The banks of course factored in a margin to account for the possibility that some of the loans would go bad. sarcasm off 😉

    March 11, 2008 at 1:19 AM #167591
    Doofrat
    Participant

    If they find it is in their best interests, they should walk away. It’s non-recourse debt and the banks knew that when they wrote the loans. sarcasm on The banks of course factored in a margin to account for the possibility that some of the loans would go bad. sarcasm off 😉

    March 11, 2008 at 1:19 AM #167555
    Doofrat
    Participant

    If they find it is in their best interests, they should walk away. It’s non-recourse debt and the banks knew that when they wrote the loans. sarcasm on The banks of course factored in a margin to account for the possibility that some of the loans would go bad. sarcasm off 😉

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