Domusemptorophobia

[Coronita]

[quote=walterwhite]i recall being given a gift certificate to an expensive men’s store while in college and having an anxiety attack at the thought of spending the gift certificate. This was prior to ebay when such items could be readily liquidated so one could stock rice and beans.

i’m pretty sure i wouldn’t get angry at my wife post-purchase. I’m pretty good at resigning myself to my fate once the die is cast.

it’s just, dang, I’ll be paying a million bucks with interest into my 70s for this place. as long as the govt promises not to let the deflationary spiral of my nightmares take this thing down to nothingness, where it all should be, really, I won’t cry inside…[/quote]

Look on the bright side… At the rate the dollar keeps falling, your net asset value might end up more if stock up on a million rolls of toilet paper than holding on to those greenbacks. By the time you’re 70, $1million will probably means today’s $500k..

[jstoesz]

Why not get a 3.5% down FHA loan, in 2 years when the housing market has settled down, put in your 20% scraping the mortgage insurance. In the meantime you have a cheap hedge against housing deflation. And if it gets really ugly, just stop paying…you may easily get your 3.5% back in missed payments.

This may or may not be “moral,” but it is a contract. You mine as well game the terms to your advantage.

[jstoesz]

Why not get a 3.5% down FHA loan, in 2 years when the housing market has settled down, put in your 20% scraping the mortgage insurance. In the meantime you have a cheap hedge against housing deflation. And if it gets really ugly, just stop paying…you may easily get your 3.5% back in missed payments.

This may or may not be “moral,” but it is a contract. You mine as well game the terms to your advantage.

[jstoesz]

Why not get a 3.5% down FHA loan, in 2 years when the housing market has settled down, put in your 20% scraping the mortgage insurance. In the meantime you have a cheap hedge against housing deflation. And if it gets really ugly, just stop paying…you may easily get your 3.5% back in missed payments.

This may or may not be “moral,” but it is a contract. You mine as well game the terms to your advantage.

[jstoesz]

Why not get a 3.5% down FHA loan, in 2 years when the housing market has settled down, put in your 20% scraping the mortgage insurance. In the meantime you have a cheap hedge against housing deflation. And if it gets really ugly, just stop paying…you may easily get your 3.5% back in missed payments.

This may or may not be “moral,” but it is a contract. You mine as well game the terms to your advantage.

[jstoesz]

Why not get a 3.5% down FHA loan, in 2 years when the housing market has settled down, put in your 20% scraping the mortgage insurance. In the meantime you have a cheap hedge against housing deflation. And if it gets really ugly, just stop paying…you may easily get your 3.5% back in missed payments.

This may or may not be “moral,” but it is a contract. You mine as well game the terms to your advantage.

[scaredyclassic]

there’s a book I read a decade or two ago, cannot remember, called MONEY AND THE MEANING OF LIFE, by jacob needleman i think, a philosopher. maybe i’ll take another look at it.

my wife doesn’t mess around financially, or any other way. She is a straightshooter. I took a long time for me to convince her that the concept of strategic default was even possiblemong homeowners. She is, like my mom, extremely honest and tolerates no financial gamesmanship.

[scaredyclassic]

there’s a book I read a decade or two ago, cannot remember, called MONEY AND THE MEANING OF LIFE, by jacob needleman i think, a philosopher. maybe i’ll take another look at it.

my wife doesn’t mess around financially, or any other way. She is a straightshooter. I took a long time for me to convince her that the concept of strategic default was even possiblemong homeowners. She is, like my mom, extremely honest and tolerates no financial gamesmanship.

[scaredyclassic]

there’s a book I read a decade or two ago, cannot remember, called MONEY AND THE MEANING OF LIFE, by jacob needleman i think, a philosopher. maybe i’ll take another look at it.

my wife doesn’t mess around financially, or any other way. She is a straightshooter. I took a long time for me to convince her that the concept of strategic default was even possiblemong homeowners. She is, like my mom, extremely honest and tolerates no financial gamesmanship.

[scaredyclassic]

there’s a book I read a decade or two ago, cannot remember, called MONEY AND THE MEANING OF LIFE, by jacob needleman i think, a philosopher. maybe i’ll take another look at it.

my wife doesn’t mess around financially, or any other way. She is a straightshooter. I took a long time for me to convince her that the concept of strategic default was even possiblemong homeowners. She is, like my mom, extremely honest and tolerates no financial gamesmanship.

[scaredyclassic]

there’s a book I read a decade or two ago, cannot remember, called MONEY AND THE MEANING OF LIFE, by jacob needleman i think, a philosopher. maybe i’ll take another look at it.

my wife doesn’t mess around financially, or any other way. She is a straightshooter. I took a long time for me to convince her that the concept of strategic default was even possiblemong homeowners. She is, like my mom, extremely honest and tolerates no financial gamesmanship.

[jstoesz]

To me at least, it is not a moral issue. For the record I have no ulterior motive, I have never owned a home and do not need to justify walking away.

The terms of the contract are, either you perform or we take your house. You are still fulfilling the contract.

Although I suppose I do not need to convince you…

[jstoesz]

To me at least, it is not a moral issue. For the record I have no ulterior motive, I have never owned a home and do not need to justify walking away.

The terms of the contract are, either you perform or we take your house. You are still fulfilling the contract.

Although I suppose I do not need to convince you…

[jstoesz]

To me at least, it is not a moral issue. For the record I have no ulterior motive, I have never owned a home and do not need to justify walking away.

The terms of the contract are, either you perform or we take your house. You are still fulfilling the contract.

Although I suppose I do not need to convince you…

[jstoesz]

To me at least, it is not a moral issue. For the record I have no ulterior motive, I have never owned a home and do not need to justify walking away.

The terms of the contract are, either you perform or we take your house. You are still fulfilling the contract.

Although I suppose I do not need to convince you…

[Author]

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