Just stop paying your mortgage

[arnie]

This is a pretty good article by Peter Shiff from a few days ago. I didn’t buy a house in the last 6 years even though I could have (at great financial risk.) Now it’s beginning to look like I should have.

http://www.signonsandiego.com/uniontrib/20081010/news_lz1e10schiff.html?imw=Y

[PadreBrian]

NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

Call you bank and renegotiate.

[PadreBrian]

NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

Call you bank and renegotiate.

[PadreBrian]

NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

Call you bank and renegotiate.

[PadreBrian]

NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

Call you bank and renegotiate.

[PadreBrian]

NO! This is the worst thing you can do. Some of the new FHA loans require you to have made payments on time and current.

Call you bank and renegotiate.

[sdrealtor]

Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

[sdrealtor]

Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

[sdrealtor]

Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

[sdrealtor]

Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

[sdrealtor]

Peter would love people to do this as it would make him lots of money on the downside and prove his big ego correct. He’s not a disinterested party. If you have assets and income there are ways out by working with your lenders.

[underdose]

I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

[underdose]

I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

[underdose]

I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

[underdose]

I certainly do not get the impression that Peter Schiff is endorsing or encouraging non-payment, he is merely pointing out how strong the incentive for non-payment is. He is saying, “Here are the unintended consequences, plan as day.” There is no refuting his logic that there will be blowback for this bailout. Incidentally, Rich has been making the same arguments. I hold these truths (that the bailout will not work as advertised) to be self-evident. What never ceases to astonish me is how almost no members of congress are able to grasp these truths, even after they have been spelled out so clearly.

[Author]

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