He is. His commitment is to make his payment or give the house back. He is opting for the latter.
I encourage everybody in a similar situation to do the same. Corporations do this all the time all over the world. Why should they be allowed out of a bad deal and not the average person?
There once was such a thing as *debtors prisons*………perhaps we need them again since words like Morality, ethics and pride don’t resonate with people like you.
I guess the USG should be in jail then. Morals and ethics are not part of the equation. There is no such thing in a business contract. And pride, well that is for fools. But don’t you worry, that money he is defaulting on is not even real. It was created out of thin air and the bank gets the house and he gets bad credit. So who really gets the bad deal? The bank gets something for nothing. Who is the unethical in this equation?
I’m sure people like you will be cheering the way for the irresponsible to be put in jail in the very near future. You would make a good nazi, surely. Maybe we should bring back slavery and child labor which was around the same time as debtor prisons.