Home › Forums › Housing › PEW RESEARCH: Walking Away – A Third of Public Says It’s Sometimes OK for Homeowners to Stop Making Mortgage Payments
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September 20, 2010 at 2:02 PM #17976September 20, 2010 at 2:45 PM #607009briansd1Guest
No surprising. I expected that walking away would become routine like divorce. Nobody thinks it’s a big deal anymore.
I remember, during the peak, the bulls were claiming that people would eat Ramen noodle and cut back all other consumption just the keep the house. Oh how wrong they were.
September 20, 2010 at 2:45 PM #607651briansd1GuestNo surprising. I expected that walking away would become routine like divorce. Nobody thinks it’s a big deal anymore.
I remember, during the peak, the bulls were claiming that people would eat Ramen noodle and cut back all other consumption just the keep the house. Oh how wrong they were.
September 20, 2010 at 2:45 PM #607760briansd1GuestNo surprising. I expected that walking away would become routine like divorce. Nobody thinks it’s a big deal anymore.
I remember, during the peak, the bulls were claiming that people would eat Ramen noodle and cut back all other consumption just the keep the house. Oh how wrong they were.
September 20, 2010 at 2:45 PM #608077briansd1GuestNo surprising. I expected that walking away would become routine like divorce. Nobody thinks it’s a big deal anymore.
I remember, during the peak, the bulls were claiming that people would eat Ramen noodle and cut back all other consumption just the keep the house. Oh how wrong they were.
September 20, 2010 at 2:45 PM #607097briansd1GuestNo surprising. I expected that walking away would become routine like divorce. Nobody thinks it’s a big deal anymore.
I remember, during the peak, the bulls were claiming that people would eat Ramen noodle and cut back all other consumption just the keep the house. Oh how wrong they were.
September 20, 2010 at 3:40 PM #607672ArrayaParticipantYou May Tell Yourself:
This is not my beautiful house
This is not my beautiful debt
Letting the payments go by/let the interest hold me down
Into the black again/after the underwater mortgage is gonesame as it ever was
September 20, 2010 at 3:40 PM #607029ArrayaParticipantYou May Tell Yourself:
This is not my beautiful house
This is not my beautiful debt
Letting the payments go by/let the interest hold me down
Into the black again/after the underwater mortgage is gonesame as it ever was
September 20, 2010 at 3:40 PM #608097ArrayaParticipantYou May Tell Yourself:
This is not my beautiful house
This is not my beautiful debt
Letting the payments go by/let the interest hold me down
Into the black again/after the underwater mortgage is gonesame as it ever was
September 20, 2010 at 3:40 PM #607117ArrayaParticipantYou May Tell Yourself:
This is not my beautiful house
This is not my beautiful debt
Letting the payments go by/let the interest hold me down
Into the black again/after the underwater mortgage is gonesame as it ever was
September 20, 2010 at 3:40 PM #607780ArrayaParticipantYou May Tell Yourself:
This is not my beautiful house
This is not my beautiful debt
Letting the payments go by/let the interest hold me down
Into the black again/after the underwater mortgage is gonesame as it ever was
September 20, 2010 at 10:09 PM #607119GHParticipantI am certain given the resources to pay a mortgage nearly 100% would do so even if the property was underwater temporarily.
I believe most folks that would actually walk away do not have the sustainable income to continue making payments (stated income loans?).
I would personally like to see many of these people prosecuted for lying on their loan docs (Amway biz making $200K etc), but the press presents them as losers, and I can see in a world where we were all told by loser Realtors we need to get in now or be priced out forever, and how the price would go up and we could “just refinance” and take the profit and send the kids to college.. There were few advocates questioning this behavior and questioning why these false and misleading sales pitches were advocated by various realtor associations…
Then we have the Fed… and …
September 20, 2010 at 10:09 PM #607207GHParticipantI am certain given the resources to pay a mortgage nearly 100% would do so even if the property was underwater temporarily.
I believe most folks that would actually walk away do not have the sustainable income to continue making payments (stated income loans?).
I would personally like to see many of these people prosecuted for lying on their loan docs (Amway biz making $200K etc), but the press presents them as losers, and I can see in a world where we were all told by loser Realtors we need to get in now or be priced out forever, and how the price would go up and we could “just refinance” and take the profit and send the kids to college.. There were few advocates questioning this behavior and questioning why these false and misleading sales pitches were advocated by various realtor associations…
Then we have the Fed… and …
September 20, 2010 at 10:09 PM #607762GHParticipantI am certain given the resources to pay a mortgage nearly 100% would do so even if the property was underwater temporarily.
I believe most folks that would actually walk away do not have the sustainable income to continue making payments (stated income loans?).
I would personally like to see many of these people prosecuted for lying on their loan docs (Amway biz making $200K etc), but the press presents them as losers, and I can see in a world where we were all told by loser Realtors we need to get in now or be priced out forever, and how the price would go up and we could “just refinance” and take the profit and send the kids to college.. There were few advocates questioning this behavior and questioning why these false and misleading sales pitches were advocated by various realtor associations…
Then we have the Fed… and …
September 20, 2010 at 10:09 PM #608187GHParticipantI am certain given the resources to pay a mortgage nearly 100% would do so even if the property was underwater temporarily.
I believe most folks that would actually walk away do not have the sustainable income to continue making payments (stated income loans?).
I would personally like to see many of these people prosecuted for lying on their loan docs (Amway biz making $200K etc), but the press presents them as losers, and I can see in a world where we were all told by loser Realtors we need to get in now or be priced out forever, and how the price would go up and we could “just refinance” and take the profit and send the kids to college.. There were few advocates questioning this behavior and questioning why these false and misleading sales pitches were advocated by various realtor associations…
Then we have the Fed… and …
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