Home › Forums › Financial Markets/Economics › Famed Columnist gives rotten mortgage advice
- This topic has 165 replies, 18 voices, and was last updated 15 years ago by
patb.
-
AuthorPosts
-
June 29, 2009 at 1:43 PM #422531June 29, 2009 at 2:31 PM #421823
briansd1
Guest[quote=kicksavedave] Not paying because you no longer have the ability is one thing… stuff happens. Not paying even though you still have the ability, because you no longer feel good about the investment, or because paying is no longer convenient, is BS.
[/quote]Read the mortgage note again. There are no special provisions for job losses, medical expense and other “stuff” that happen.
What if I would rather spend my money on a vacation to Tahiti rather than paying the mortgage? Does that apply?
Should you pay your doctor and hospital before your pay your mortgage? Or vice versa? What about your alimony or child support?
June 29, 2009 at 2:31 PM #422052briansd1
Guest[quote=kicksavedave] Not paying because you no longer have the ability is one thing… stuff happens. Not paying even though you still have the ability, because you no longer feel good about the investment, or because paying is no longer convenient, is BS.
[/quote]Read the mortgage note again. There are no special provisions for job losses, medical expense and other “stuff” that happen.
What if I would rather spend my money on a vacation to Tahiti rather than paying the mortgage? Does that apply?
Should you pay your doctor and hospital before your pay your mortgage? Or vice versa? What about your alimony or child support?
June 29, 2009 at 2:31 PM #422326briansd1
Guest[quote=kicksavedave] Not paying because you no longer have the ability is one thing… stuff happens. Not paying even though you still have the ability, because you no longer feel good about the investment, or because paying is no longer convenient, is BS.
[/quote]Read the mortgage note again. There are no special provisions for job losses, medical expense and other “stuff” that happen.
What if I would rather spend my money on a vacation to Tahiti rather than paying the mortgage? Does that apply?
Should you pay your doctor and hospital before your pay your mortgage? Or vice versa? What about your alimony or child support?
June 29, 2009 at 2:31 PM #422394briansd1
Guest[quote=kicksavedave] Not paying because you no longer have the ability is one thing… stuff happens. Not paying even though you still have the ability, because you no longer feel good about the investment, or because paying is no longer convenient, is BS.
[/quote]Read the mortgage note again. There are no special provisions for job losses, medical expense and other “stuff” that happen.
What if I would rather spend my money on a vacation to Tahiti rather than paying the mortgage? Does that apply?
Should you pay your doctor and hospital before your pay your mortgage? Or vice versa? What about your alimony or child support?
June 29, 2009 at 2:31 PM #422556briansd1
Guest[quote=kicksavedave] Not paying because you no longer have the ability is one thing… stuff happens. Not paying even though you still have the ability, because you no longer feel good about the investment, or because paying is no longer convenient, is BS.
[/quote]Read the mortgage note again. There are no special provisions for job losses, medical expense and other “stuff” that happen.
What if I would rather spend my money on a vacation to Tahiti rather than paying the mortgage? Does that apply?
Should you pay your doctor and hospital before your pay your mortgage? Or vice versa? What about your alimony or child support?
June 29, 2009 at 2:34 PM #421818briansd1
Guest[quote=JustLurking] my rights (to not have to pay for your mistakes through my higher taxes).[/quote]
We have no such right. Our elected (and unelected) leaders decided for us already.
Do we have the right not to pay for the SD employee pensions, even though the pension benefits were given out without the funding to back it up? No.
All we can do is get rid of the leaders. If we feel strongly enough, then we have to work to make it happen.
June 29, 2009 at 2:34 PM #422047briansd1
Guest[quote=JustLurking] my rights (to not have to pay for your mistakes through my higher taxes).[/quote]
We have no such right. Our elected (and unelected) leaders decided for us already.
Do we have the right not to pay for the SD employee pensions, even though the pension benefits were given out without the funding to back it up? No.
All we can do is get rid of the leaders. If we feel strongly enough, then we have to work to make it happen.
June 29, 2009 at 2:34 PM #422321briansd1
Guest[quote=JustLurking] my rights (to not have to pay for your mistakes through my higher taxes).[/quote]
We have no such right. Our elected (and unelected) leaders decided for us already.
Do we have the right not to pay for the SD employee pensions, even though the pension benefits were given out without the funding to back it up? No.
All we can do is get rid of the leaders. If we feel strongly enough, then we have to work to make it happen.
June 29, 2009 at 2:34 PM #422389briansd1
Guest[quote=JustLurking] my rights (to not have to pay for your mistakes through my higher taxes).[/quote]
We have no such right. Our elected (and unelected) leaders decided for us already.
Do we have the right not to pay for the SD employee pensions, even though the pension benefits were given out without the funding to back it up? No.
All we can do is get rid of the leaders. If we feel strongly enough, then we have to work to make it happen.
June 29, 2009 at 2:34 PM #422551briansd1
Guest[quote=JustLurking] my rights (to not have to pay for your mistakes through my higher taxes).[/quote]
We have no such right. Our elected (and unelected) leaders decided for us already.
Do we have the right not to pay for the SD employee pensions, even though the pension benefits were given out without the funding to back it up? No.
All we can do is get rid of the leaders. If we feel strongly enough, then we have to work to make it happen.
June 29, 2009 at 2:42 PM #421828peterb
ParticipantThis is the problem with being upside down on a an expensive and highly leveraged asset that is continuing to reduce in value….it will challenge the average persons thought process about what’s “right” and “wrong”. Money seems to have a way of bringing out the cold logic in most people.
June 29, 2009 at 2:42 PM #422057peterb
ParticipantThis is the problem with being upside down on a an expensive and highly leveraged asset that is continuing to reduce in value….it will challenge the average persons thought process about what’s “right” and “wrong”. Money seems to have a way of bringing out the cold logic in most people.
June 29, 2009 at 2:42 PM #422331peterb
ParticipantThis is the problem with being upside down on a an expensive and highly leveraged asset that is continuing to reduce in value….it will challenge the average persons thought process about what’s “right” and “wrong”. Money seems to have a way of bringing out the cold logic in most people.
June 29, 2009 at 2:42 PM #422399peterb
ParticipantThis is the problem with being upside down on a an expensive and highly leveraged asset that is continuing to reduce in value….it will challenge the average persons thought process about what’s “right” and “wrong”. Money seems to have a way of bringing out the cold logic in most people.
-
AuthorPosts
- You must be logged in to reply to this topic.