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urbanrealtor.
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November 22, 2009 at 2:18 PM #486270November 22, 2009 at 2:28 PM #485425
mercedes7
Participant[quote=SellingMyHome]The last two posters are right, I am coming across badly. Sorry. I shouldn’t blame anyone but myself, or at least my ignorance 6 years ago!
Maybe it isn’t the “right” thing to do morally, at least that is what a lot of folks want us to feel. It’s now a financial reason for me. I’m not a morally bankrupt person, just one of those that fell underwater enough to make a hard decision. That study about how people react at certain break points is so true! FYI, we are far from pulling the trigger here.
Plan will be to save as much as possible for a huge downpayment on a house only when the time is right. Had I been reading this site 6 years ago, I would probably still be renting and saving. Oh well. And to the OP, I’m still not looking for pity, or “pitty” as you put it. :)[/quote]
Appreciate your humility. George is right, blaming others (including the banks) and rationalizing is probably what is rubbing people wrong and they are responding to that.
I get the feeling you are probably fairly young as you have young children. In your defense, you probably did not have the benefit of having lived through other down cycles in the real estate market and in 2004 the NAR was still pumping that prices would go up forever. Consequently, I can see that you didn’t see this coming.
Nevertheless, you did make the decision to buy when you did…accept that responsibility. And whatever decision you end up making, I hope you can accept whatever consequences come with that decision. gl
November 22, 2009 at 2:28 PM #485593Participant[quote=SellingMyHome]The last two posters are right, I am coming across badly. Sorry. I shouldn’t blame anyone but myself, or at least my ignorance 6 years ago!
Maybe it isn’t the “right” thing to do morally, at least that is what a lot of folks want us to feel. It’s now a financial reason for me. I’m not a morally bankrupt person, just one of those that fell underwater enough to make a hard decision. That study about how people react at certain break points is so true! FYI, we are far from pulling the trigger here.
Plan will be to save as much as possible for a huge downpayment on a house only when the time is right. Had I been reading this site 6 years ago, I would probably still be renting and saving. Oh well. And to the OP, I’m still not looking for pity, or “pitty” as you put it. :)[/quote]
Appreciate your humility. George is right, blaming others (including the banks) and rationalizing is probably what is rubbing people wrong and they are responding to that.
I get the feeling you are probably fairly young as you have young children. In your defense, you probably did not have the benefit of having lived through other down cycles in the real estate market and in 2004 the NAR was still pumping that prices would go up forever. Consequently, I can see that you didn’t see this coming.
Nevertheless, you did make the decision to buy when you did…accept that responsibility. And whatever decision you end up making, I hope you can accept whatever consequences come with that decision. gl
November 22, 2009 at 2:28 PM #485965Participant[quote=SellingMyHome]The last two posters are right, I am coming across badly. Sorry. I shouldn’t blame anyone but myself, or at least my ignorance 6 years ago!
Maybe it isn’t the “right” thing to do morally, at least that is what a lot of folks want us to feel. It’s now a financial reason for me. I’m not a morally bankrupt person, just one of those that fell underwater enough to make a hard decision. That study about how people react at certain break points is so true! FYI, we are far from pulling the trigger here.
Plan will be to save as much as possible for a huge downpayment on a house only when the time is right. Had I been reading this site 6 years ago, I would probably still be renting and saving. Oh well. And to the OP, I’m still not looking for pity, or “pitty” as you put it. :)[/quote]
Appreciate your humility. George is right, blaming others (including the banks) and rationalizing is probably what is rubbing people wrong and they are responding to that.
I get the feeling you are probably fairly young as you have young children. In your defense, you probably did not have the benefit of having lived through other down cycles in the real estate market and in 2004 the NAR was still pumping that prices would go up forever. Consequently, I can see that you didn’t see this coming.
Nevertheless, you did make the decision to buy when you did…accept that responsibility. And whatever decision you end up making, I hope you can accept whatever consequences come with that decision. gl
November 22, 2009 at 2:28 PM #486051Participant[quote=SellingMyHome]The last two posters are right, I am coming across badly. Sorry. I shouldn’t blame anyone but myself, or at least my ignorance 6 years ago!
Maybe it isn’t the “right” thing to do morally, at least that is what a lot of folks want us to feel. It’s now a financial reason for me. I’m not a morally bankrupt person, just one of those that fell underwater enough to make a hard decision. That study about how people react at certain break points is so true! FYI, we are far from pulling the trigger here.
Plan will be to save as much as possible for a huge downpayment on a house only when the time is right. Had I been reading this site 6 years ago, I would probably still be renting and saving. Oh well. And to the OP, I’m still not looking for pity, or “pitty” as you put it. :)[/quote]
Appreciate your humility. George is right, blaming others (including the banks) and rationalizing is probably what is rubbing people wrong and they are responding to that.
I get the feeling you are probably fairly young as you have young children. In your defense, you probably did not have the benefit of having lived through other down cycles in the real estate market and in 2004 the NAR was still pumping that prices would go up forever. Consequently, I can see that you didn’t see this coming.
Nevertheless, you did make the decision to buy when you did…accept that responsibility. And whatever decision you end up making, I hope you can accept whatever consequences come with that decision. gl
November 22, 2009 at 2:28 PM #486280Participant[quote=SellingMyHome]The last two posters are right, I am coming across badly. Sorry. I shouldn’t blame anyone but myself, or at least my ignorance 6 years ago!
Maybe it isn’t the “right” thing to do morally, at least that is what a lot of folks want us to feel. It’s now a financial reason for me. I’m not a morally bankrupt person, just one of those that fell underwater enough to make a hard decision. That study about how people react at certain break points is so true! FYI, we are far from pulling the trigger here.
Plan will be to save as much as possible for a huge downpayment on a house only when the time is right. Had I been reading this site 6 years ago, I would probably still be renting and saving. Oh well. And to the OP, I’m still not looking for pity, or “pitty” as you put it. :)[/quote]
Appreciate your humility. George is right, blaming others (including the banks) and rationalizing is probably what is rubbing people wrong and they are responding to that.
I get the feeling you are probably fairly young as you have young children. In your defense, you probably did not have the benefit of having lived through other down cycles in the real estate market and in 2004 the NAR was still pumping that prices would go up forever. Consequently, I can see that you didn’t see this coming.
Nevertheless, you did make the decision to buy when you did…accept that responsibility. And whatever decision you end up making, I hope you can accept whatever consequences come with that decision. gl
November 22, 2009 at 2:44 PM #485430Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
It figures.
November 22, 2009 at 2:44 PM #485598Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
It figures.
November 22, 2009 at 2:44 PM #485970Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
It figures.
November 22, 2009 at 2:44 PM #486056Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
It figures.
November 22, 2009 at 2:44 PM #486285Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
It figures.
November 22, 2009 at 2:52 PM #485435NotCranky
Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
Arraya, do you want to address the part where the upside down victimized borrowers feel they are entitled to charity to solve their problems?
November 22, 2009 at 2:52 PM #485603Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
Arraya, do you want to address the part where the upside down victimized borrowers feel they are entitled to charity to solve their problems?
November 22, 2009 at 2:52 PM #485975Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
Arraya, do you want to address the part where the upside down victimized borrowers feel they are entitled to charity to solve their problems?
November 22, 2009 at 2:52 PM #486061Participant[quote=SellingMyHome][quote=Arraya]Fuck that. Strategic defaults are such a infinitesimal part of this drama it’s negligible. It’s still at historical averages because of peoples misplaced morals, fear and shame. You went into a contract with a gangster syndicate that used the media and government to pump up an asset bubble for whatever reason.
Breaking a contract with these gangsters is the “right” thing to do. Besides the bank did not put up collateral or “consideration” in legal speak. It was just a ledger entry as the created the money with a keystroke.
Default away and feel good about it. Don’t listen to all these whinny bitches about moral and ethics. It is completely “bottom line” from top down. There is no reason to follow a set of ethics that the other party in the contract is not expected to.[/quote]
sweet! This is exactly what I need to hear!
I doubt that will get any responses![/quote]
Arraya, do you want to address the part where the upside down victimized borrowers feel they are entitled to charity to solve their problems?
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