Report shows strategic defaults increasing

[NotCranky]

I think you would be wrong Flu.

Bill is a deadbeat. If it were not for bailouts Bill wouldn’t be where he is at all. He would have been a shorter term deadbeat and would have been less harmful to restoring a market in which honest people can participate and cheaper for society. I think SdRealtor already explained this in his above post. Sdrealtor would still be selling houses.

[(former)FormerSanDiegan]

[quote=SD Realtor]Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.[/quote]

I gave up making sense of it when in a single thread there was a point made that our economy country runs on debt and a point made that debt repayment adds nothing to the economy.

I figure that I am simply too dense to understand.

[(former)FormerSanDiegan]

[quote=SD Realtor]Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.[/quote]

I gave up making sense of it when in a single thread there was a point made that our economy country runs on debt and a point made that debt repayment adds nothing to the economy.

I figure that I am simply too dense to understand.

[(former)FormerSanDiegan]

[quote=SD Realtor]Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.[/quote]

I gave up making sense of it when in a single thread there was a point made that our economy country runs on debt and a point made that debt repayment adds nothing to the economy.

I figure that I am simply too dense to understand.

[(former)FormerSanDiegan]

[quote=SD Realtor]Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.[/quote]

I gave up making sense of it when in a single thread there was a point made that our economy country runs on debt and a point made that debt repayment adds nothing to the economy.

I figure that I am simply too dense to understand.

[(former)FormerSanDiegan]

[quote=SD Realtor]Brian you are hilarious. Really. Your postings here rival your posts on why you don’t like american women or why they don’t like you. In this one thread alone you talk about the importance of credit and how our country runs on it but then you advocate deadbeatism which in term ruins credit and even try to give some bizarre argument about how being a deadbeat helps the economy. How about moving out of the house, letting it foreclose, and rent something alot cheaper. Then you get to pay less for your shelter, spend more to “recycle” into Brians economy, and the foreclosed home gets sold to someone who will afford it and it will be sold at the correct market value. I guess that makes to much sense. Forget it your right. Credit for everyone and nobody needs to worry about being a deadbeat because it all will magically work. Sounds good man. I guess your most recent posts are the only ones that really count. Why stick with one point when you can conveniently jump to another.[/quote]

I gave up making sense of it when in a single thread there was a point made that our economy country runs on debt and a point made that debt repayment adds nothing to the economy.

I figure that I am simply too dense to understand.

[Arraya]

Flu caught him. he embellished on how much he has saved. who knows how much else this deviant deadbeat is hiding.

A friend of mine went through a foreclosure about 3 years ago, after much pestering from me. his credit score went back up above 700 in 18 months. though, he only had about 8 months free rent.

Bill obviously made a very responsible, prudent and wise financial decision. Given the information. On a board that berates the opposite I find that very hypocritical to criticize him for doing what ever body here preaches. Financial responsibility. Do we want people to be responsible or not.

This is what is interesting. We collectively criticize them for making the initial stupid decision. Then we continue to criticize them if they wise up. Which is really what the principle reductions are all about. Nipping in the bud people wising up and making wise financial decisions. If there was a sudden rash of financial responsibility it would cost us a lot more. In the form of millions of foreclosures. Then suddenly they turn from irresponsible FBs to deadbeats…

[Arraya]

Flu caught him. he embellished on how much he has saved. who knows how much else this deviant deadbeat is hiding.

A friend of mine went through a foreclosure about 3 years ago, after much pestering from me. his credit score went back up above 700 in 18 months. though, he only had about 8 months free rent.

Bill obviously made a very responsible, prudent and wise financial decision. Given the information. On a board that berates the opposite I find that very hypocritical to criticize him for doing what ever body here preaches. Financial responsibility. Do we want people to be responsible or not.

This is what is interesting. We collectively criticize them for making the initial stupid decision. Then we continue to criticize them if they wise up. Which is really what the principle reductions are all about. Nipping in the bud people wising up and making wise financial decisions. If there was a sudden rash of financial responsibility it would cost us a lot more. In the form of millions of foreclosures. Then suddenly they turn from irresponsible FBs to deadbeats…

[Arraya]

Flu caught him. he embellished on how much he has saved. who knows how much else this deviant deadbeat is hiding.

A friend of mine went through a foreclosure about 3 years ago, after much pestering from me. his credit score went back up above 700 in 18 months. though, he only had about 8 months free rent.

Bill obviously made a very responsible, prudent and wise financial decision. Given the information. On a board that berates the opposite I find that very hypocritical to criticize him for doing what ever body here preaches. Financial responsibility. Do we want people to be responsible or not.

This is what is interesting. We collectively criticize them for making the initial stupid decision. Then we continue to criticize them if they wise up. Which is really what the principle reductions are all about. Nipping in the bud people wising up and making wise financial decisions. If there was a sudden rash of financial responsibility it would cost us a lot more. In the form of millions of foreclosures. Then suddenly they turn from irresponsible FBs to deadbeats…

[Arraya]

Flu caught him. he embellished on how much he has saved. who knows how much else this deviant deadbeat is hiding.

A friend of mine went through a foreclosure about 3 years ago, after much pestering from me. his credit score went back up above 700 in 18 months. though, he only had about 8 months free rent.

Bill obviously made a very responsible, prudent and wise financial decision. Given the information. On a board that berates the opposite I find that very hypocritical to criticize him for doing what ever body here preaches. Financial responsibility. Do we want people to be responsible or not.

This is what is interesting. We collectively criticize them for making the initial stupid decision. Then we continue to criticize them if they wise up. Which is really what the principle reductions are all about. Nipping in the bud people wising up and making wise financial decisions. If there was a sudden rash of financial responsibility it would cost us a lot more. In the form of millions of foreclosures. Then suddenly they turn from irresponsible FBs to deadbeats…

[Arraya]

Flu caught him. he embellished on how much he has saved. who knows how much else this deviant deadbeat is hiding.

A friend of mine went through a foreclosure about 3 years ago, after much pestering from me. his credit score went back up above 700 in 18 months. though, he only had about 8 months free rent.

Bill obviously made a very responsible, prudent and wise financial decision. Given the information. On a board that berates the opposite I find that very hypocritical to criticize him for doing what ever body here preaches. Financial responsibility. Do we want people to be responsible or not.

This is what is interesting. We collectively criticize them for making the initial stupid decision. Then we continue to criticize them if they wise up. Which is really what the principle reductions are all about. Nipping in the bud people wising up and making wise financial decisions. If there was a sudden rash of financial responsibility it would cost us a lot more. In the form of millions of foreclosures. Then suddenly they turn from irresponsible FBs to deadbeats…

[jpinpb]

[quote=BillS78]
But seriously, the best thing to come of all this, other than my financial gain and a valuable lesson learned about relationships, is that I’ve been able to help my friend through grad school by letting him live here rent free.[/quote]

I’m glad to hear you at least paid it forward and helped someone w/education.

[quote=flu]
20 months of non-rent paying, are we to believe that now all the sudden you ahave $200k post-tax to put down?[/quote]

Could be he took the money that was not used for paying the mortgage and invested it in stocks or gold or something and made more money there. Not paying the mortgage gave him money that he used to invest that he otherwise would not have available.

[jpinpb]

[quote=BillS78]
But seriously, the best thing to come of all this, other than my financial gain and a valuable lesson learned about relationships, is that I’ve been able to help my friend through grad school by letting him live here rent free.[/quote]

I’m glad to hear you at least paid it forward and helped someone w/education.

[quote=flu]
20 months of non-rent paying, are we to believe that now all the sudden you ahave $200k post-tax to put down?[/quote]

Could be he took the money that was not used for paying the mortgage and invested it in stocks or gold or something and made more money there. Not paying the mortgage gave him money that he used to invest that he otherwise would not have available.

[jpinpb]

[quote=BillS78]
But seriously, the best thing to come of all this, other than my financial gain and a valuable lesson learned about relationships, is that I’ve been able to help my friend through grad school by letting him live here rent free.[/quote]

I’m glad to hear you at least paid it forward and helped someone w/education.

[quote=flu]
20 months of non-rent paying, are we to believe that now all the sudden you ahave $200k post-tax to put down?[/quote]

Could be he took the money that was not used for paying the mortgage and invested it in stocks or gold or something and made more money there. Not paying the mortgage gave him money that he used to invest that he otherwise would not have available.

[jpinpb]

[quote=BillS78]
But seriously, the best thing to come of all this, other than my financial gain and a valuable lesson learned about relationships, is that I’ve been able to help my friend through grad school by letting him live here rent free.[/quote]

I’m glad to hear you at least paid it forward and helped someone w/education.

[quote=flu]
20 months of non-rent paying, are we to believe that now all the sudden you ahave $200k post-tax to put down?[/quote]

Could be he took the money that was not used for paying the mortgage and invested it in stocks or gold or something and made more money there. Not paying the mortgage gave him money that he used to invest that he otherwise would not have available.

[Author]

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