[quote=jpinpb][quote=davelj]
Well, at least these folks have acknowledged their own role in the fiasco. The banks fucked up. It would be nice if the borrowers would acknowledge that they fucked up as well. But it looks like that ain’t gonna happen with most folks. Which is why folks like this will fail over and over again throughout their lives: they lack the introspection to acknowledge their own role in their failures and, thus, learn from them. I feel sorry for these folks. They’ve got a whole life of greater disappointments ahead of them, largely of their own making.[/quote]
davelj – I was unfortunately raised w/morals, so maybe that’s what’s really stopping me from doing it. But I still don’t see it as they are failing. They are, in fact, quite successful at working the system to their favor.
So I still feel like a chump for doing the right thing.[/quote]
Successful? You cannot be serious. These people are financial morons. They “gamed the system” BY ACCIDENT. They thought they were being smart because they’d get out of these properties at higher prices (despite all Bubblicious evidence to the contrary!). And then, after everything’s fallen apart, they’re “successful” because against all odds the lenders are so slow to foreclose that they get to live “rent free” for a couple of years before getting thrown out? If this is “success,” then I want no part of it. These people are idiots who accidentally fell into a tolerable situation as a result of current foreclosure realities. Make no mistake: They have failed. Recall that the original objective was to sell out at a profit. Again, if folks like this don’t learn anything from their experience, they’ll repeat it over and over again. I have no doubt. Luck is not going to bail these folks out every time they make a bad decision. And they will continue to do so.
