Report shows strategic defaults increasing

[briansd1]

[quote=jpinpb]It would all change if loans were recourse.[/quote]

Yes, that and make government/GSE guaranteed/insured loans non-dischargeable (like student loans).

But if the government is to get involved, we could just as well cut out the banks and have the government lend the money directly like student loans.

[briansd1]

[quote=SD Realtor] If people want to stop paying and feel good about living for free then that is their prerogative. Why stop there though. The same opportunity is available with credit cards as well. [/quote]

Considering that credit card companies are charging 20% to 30% (all in a near 0% interest rate environment) and they get paid 2% to 5% of every transaction, the risk premiums should be already built-in.

[briansd1]

[quote=SD Realtor] If people want to stop paying and feel good about living for free then that is their prerogative. Why stop there though. The same opportunity is available with credit cards as well. [/quote]

Considering that credit card companies are charging 20% to 30% (all in a near 0% interest rate environment) and they get paid 2% to 5% of every transaction, the risk premiums should be already built-in.

[briansd1]

[quote=SD Realtor] If people want to stop paying and feel good about living for free then that is their prerogative. Why stop there though. The same opportunity is available with credit cards as well. [/quote]

Considering that credit card companies are charging 20% to 30% (all in a near 0% interest rate environment) and they get paid 2% to 5% of every transaction, the risk premiums should be already built-in.

[briansd1]

[quote=SD Realtor] If people want to stop paying and feel good about living for free then that is their prerogative. Why stop there though. The same opportunity is available with credit cards as well. [/quote]

Considering that credit card companies are charging 20% to 30% (all in a near 0% interest rate environment) and they get paid 2% to 5% of every transaction, the risk premiums should be already built-in.

[briansd1]

[quote=SD Realtor] If people want to stop paying and feel good about living for free then that is their prerogative. Why stop there though. The same opportunity is available with credit cards as well. [/quote]

Considering that credit card companies are charging 20% to 30% (all in a near 0% interest rate environment) and they get paid 2% to 5% of every transaction, the risk premiums should be already built-in.

[scaredyclassic]

the news says people aren’t paying their mortgages but they are paying their credit cards. kind of intriguing, really. credit card credit is worth something, but the house is a f**cking anchor around your neck. weird!

[scaredyclassic]

the news says people aren’t paying their mortgages but they are paying their credit cards. kind of intriguing, really. credit card credit is worth something, but the house is a f**cking anchor around your neck. weird!

[scaredyclassic]

the news says people aren’t paying their mortgages but they are paying their credit cards. kind of intriguing, really. credit card credit is worth something, but the house is a f**cking anchor around your neck. weird!

[scaredyclassic]

the news says people aren’t paying their mortgages but they are paying their credit cards. kind of intriguing, really. credit card credit is worth something, but the house is a f**cking anchor around your neck. weird!

[scaredyclassic]

the news says people aren’t paying their mortgages but they are paying their credit cards. kind of intriguing, really. credit card credit is worth something, but the house is a f**cking anchor around your neck. weird!

[Coronita]

SDR,

Actually, one positive note about people having more disposable income…They’re actually spending…Now just need to figure out how to channel some of that discretionary spending into your own pockets….Once a poor saver, always a poor saver imho….

I’m pretty jovial at how things are going. Have you seen how crazy people are? Those ridiculous iPads flying off the shelf…Comscores showing significant increase in smartphone spending….

http://www.comscore.com/Press_Events/Press_Releases/2010/4/comScore_Reports_February_2010_U.S._Mobile_Subscriber_Market_Share

Hell, I’m pretty happy people are wasting money on this crap and indirectly making my services more in demand .Because I’m sure as not spending on all this crap to support myself 🙂

[Coronita]

SDR,

Actually, one positive note about people having more disposable income…They’re actually spending…Now just need to figure out how to channel some of that discretionary spending into your own pockets….Once a poor saver, always a poor saver imho….

I’m pretty jovial at how things are going. Have you seen how crazy people are? Those ridiculous iPads flying off the shelf…Comscores showing significant increase in smartphone spending….

http://www.comscore.com/Press_Events/Press_Releases/2010/4/comScore_Reports_February_2010_U.S._Mobile_Subscriber_Market_Share

Hell, I’m pretty happy people are wasting money on this crap and indirectly making my services more in demand .Because I’m sure as not spending on all this crap to support myself 🙂

[Coronita]

SDR,

Actually, one positive note about people having more disposable income…They’re actually spending…Now just need to figure out how to channel some of that discretionary spending into your own pockets….Once a poor saver, always a poor saver imho….

I’m pretty jovial at how things are going. Have you seen how crazy people are? Those ridiculous iPads flying off the shelf…Comscores showing significant increase in smartphone spending….

http://www.comscore.com/Press_Events/Press_Releases/2010/4/comScore_Reports_February_2010_U.S._Mobile_Subscriber_Market_Share

Hell, I’m pretty happy people are wasting money on this crap and indirectly making my services more in demand .Because I’m sure as not spending on all this crap to support myself 🙂

[Coronita]

SDR,

Actually, one positive note about people having more disposable income…They’re actually spending…Now just need to figure out how to channel some of that discretionary spending into your own pockets….Once a poor saver, always a poor saver imho….

I’m pretty jovial at how things are going. Have you seen how crazy people are? Those ridiculous iPads flying off the shelf…Comscores showing significant increase in smartphone spending….

http://www.comscore.com/Press_Events/Press_Releases/2010/4/comScore_Reports_February_2010_U.S._Mobile_Subscriber_Market_Share

Hell, I’m pretty happy people are wasting money on this crap and indirectly making my services more in demand .Because I’m sure as not spending on all this crap to support myself 🙂

[Author]

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