You know, I think this whole BS about non financially savvy borrowers are the only ones going to default … is total BS. I have excellent credit, and I can read and read fine print and make sense of it all … even when the crooked realtor is trying to distract me … and I am acutely aware of how worthless my 720+ credit is. Ok fine not worthless … but I never plan to get a car loan, never plan to get any more credit cards, in fact I only use the 1 or 2 where I have incentives, and if I go under on my house for say 100,000 I will never buy another for 10+ years and I will have no problem walking away … especially if I feel its going to go down even more. Heck, with my life the way it is, 10K loss is enough for me to take my credit and run.
Cool.
Cow_tipping.
