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  • March 16, 2010 at 6:07 AM #17211
    scaredyclassic
    Participant

    friend. longtime homeowner. refinanced for toys. way way upside down. lightbulb recently went on–walk away — get another house with parent’s credit.
    probably never thought this way.

    could these people be dribbling along for years to come?

    March 16, 2010 at 8:32 AM #526377
    ucodegen
    Participant

    friend. longtime homeowner. refinanced for toys. way way upside down. lightbulb recently went on–walk away — get another house with parent’s credit.
    probably never thought this way.

    Considering that financial bad behavior does not easily change and that this allows them to ‘skip’ on the consequences of their bad behavior – I see ruined credit for their parents in the future.

    March 16, 2010 at 8:32 AM #527310
    ucodegen
    Participant

    friend. longtime homeowner. refinanced for toys. way way upside down. lightbulb recently went on–walk away — get another house with parent’s credit.
    probably never thought this way.

    Considering that financial bad behavior does not easily change and that this allows them to ‘skip’ on the consequences of their bad behavior – I see ruined credit for their parents in the future.

    March 16, 2010 at 8:32 AM #526509
    ucodegen
    Participant

    friend. longtime homeowner. refinanced for toys. way way upside down. lightbulb recently went on–walk away — get another house with parent’s credit.
    probably never thought this way.

    Considering that financial bad behavior does not easily change and that this allows them to ‘skip’ on the consequences of their bad behavior – I see ruined credit for their parents in the future.

    March 16, 2010 at 8:32 AM #527052
    ucodegen
    Participant

    friend. longtime homeowner. refinanced for toys. way way upside down. lightbulb recently went on–walk away — get another house with parent’s credit.
    probably never thought this way.

    Considering that financial bad behavior does not easily change and that this allows them to ‘skip’ on the consequences of their bad behavior – I see ruined credit for their parents in the future.

    March 16, 2010 at 8:32 AM #526955
    ucodegen
    Participant

    friend. longtime homeowner. refinanced for toys. way way upside down. lightbulb recently went on–walk away — get another house with parent’s credit.
    probably never thought this way.

    Considering that financial bad behavior does not easily change and that this allows them to ‘skip’ on the consequences of their bad behavior – I see ruined credit for their parents in the future.

    March 16, 2010 at 8:38 AM #526382
    scaredyclassic
    Participant

    probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?

    March 16, 2010 at 8:38 AM #527315
    scaredyclassic
    Participant

    probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?

    March 16, 2010 at 8:38 AM #526514
    scaredyclassic
    Participant

    probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?

    March 16, 2010 at 8:38 AM #527057
    scaredyclassic
    Participant

    probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?

    March 16, 2010 at 8:38 AM #526960
    scaredyclassic
    Participant

    probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?

    March 16, 2010 at 8:54 AM #526965
    socrattt
    Participant

    [quote=scaredycat]probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?[/quote]

    Even more so now that we are in bubble number 2. I can understand walking away and renting, but using mom and pops credit to buy again sounds like an adult form enabling. As the saying goes, “He who dies with the most toys, wins.”

    March 16, 2010 at 8:54 AM #527320
    socrattt
    Participant

    [quote=scaredycat]probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?[/quote]

    Even more so now that we are in bubble number 2. I can understand walking away and renting, but using mom and pops credit to buy again sounds like an adult form enabling. As the saying goes, “He who dies with the most toys, wins.”

    March 16, 2010 at 8:54 AM #527062
    socrattt
    Participant

    [quote=scaredycat]probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?[/quote]

    Even more so now that we are in bubble number 2. I can understand walking away and renting, but using mom and pops credit to buy again sounds like an adult form enabling. As the saying goes, “He who dies with the most toys, wins.”

    March 16, 2010 at 8:54 AM #526387
    socrattt
    Participant

    [quote=scaredycat]probably not. isn’t this sort of a pre-death wealth transfer, money down the real estate hole, likely to be happening a lot?[/quote]

    Even more so now that we are in bubble number 2. I can understand walking away and renting, but using mom and pops credit to buy again sounds like an adult form enabling. As the saying goes, “He who dies with the most toys, wins.”

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