No, this won’t end well b/c those of us who pay our way / don’t screw over banks, debts are getting fed up. When we leave it will be just the old, the super-rich and the scammers left.
[quote=Rt.66]Staying free in the house for 1 year to 18 months seems like the program now. Would any of us have thought this could ever happen? It’s like America has become bizzaro world.
The only people getting screwed are the ones who pay their rent or their mortgage as they don’t get to enjoy the luxury of an extra $2000-$5000 per month to play with. But they will share equally in the higher taxes that will pay for this largess.
Do you doubt that there will be a foreclosure forgiveness policy adpoted by banks after the dust settles?
It’s funny that you really don’t hear that much about it either. You’d think tens of thousands of CA mortgage holders living absolutely free for that long a period, unhassled, would be a popular nightly news topic introduced with dramatic music and attention getting footage of perps leaving $1 million dollar homes that they have not made a payment on in 16 months.
