wow, so there is no sense of dignity left anymore, tis a sad time indeed.
I have had this conversation with my wife, and she laughs at the thought that we would ever turn our backs on something we got ourselves into like people now are doing.
If you were ok with the payments before why aren’t you ok now? If your loan is ok, your house just is upside down right now, why default. Just because your stocks dip does not mean you sell them in a frenzied panic, because there is a good chance that someday they’ll go up.
The sad thing is people are still looking at houses like an investment. It’s a house, you live in it for crying out loud, and hopefully you pay it off and have an easier living when you are old.
If you were dumb enough to buy a 800 sq. ft place with your wife and child and you just had another kid then I guess it would have happened anyway, as you are just a dumbass that didn’t plan a damn thing. All this other nonsense just makes no sense at all.
I have friends that are thinking of trying to short sell, the only reason is because their loan is adjusting, and they can’t afford the payment and the bank won’t talk to them. They can’t refi because they are 150k underwater. If you can’t make a payment you can’t make a payment. If you can make the payment, then what is the problem?
Seriously, does anyone have any dignity anymore? Does everyone in CA bathe in snake oil? It sure seems that way
