Report shows strategic defaults increasing

[briansd1]

[quote=Russell]Just another reason not to worry about what other people have or don’t have.[/quote]

I agree, but as scaredycat posted, the truth is that we all judge ourselves relative to others. As social animals, we cannot live disconnected from the people around us.

In some respect, Bill is doing everyone a favor. He didn’t do anything illegal; and he didn’t even violate the mortgage contract. Bill exposed a flaw in the system and we would be wise to remedy that flaw.

I actually believe that a Realtor or a businessman who takes his wife to dinner and writes the expense off as a meeting with a client is committing a much worse sin of greed. It’s illegal; and it’s amoral to let greed drive you for such a small amount.

jpinpb, I understand your feelings. But don’t like your desire to buy a house and the lack of inventory frustrate you.

Sit back and relax; and it’ll all work out in the end. Prices will return to equilibrium sooner or later.

I’ve gotten to a point that when I order something online, I don’t bother to track the package anymore. I get it when I get it. My brother, on the other hand, wants it right away.

[Aecetia]

You never keep ill gotten gains.

[Aecetia]

You never keep ill gotten gains.

[Aecetia]

You never keep ill gotten gains.

[Aecetia]

You never keep ill gotten gains.

[Aecetia]

You never keep ill gotten gains.

[jpinpb]

Brian – this has nothing to do w/my desire to buy a house. This has everything to do w/my tax dollars going to people robbing me, basically. Oh, and no need to go into how taxes are robbery and all that. But this bailout and the actions by banks and homeowners and pretty much starting from the bubble to now, well, it’s a whole new level.

[jpinpb]

Brian – this has nothing to do w/my desire to buy a house. This has everything to do w/my tax dollars going to people robbing me, basically. Oh, and no need to go into how taxes are robbery and all that. But this bailout and the actions by banks and homeowners and pretty much starting from the bubble to now, well, it’s a whole new level.

[jpinpb]

Brian – this has nothing to do w/my desire to buy a house. This has everything to do w/my tax dollars going to people robbing me, basically. Oh, and no need to go into how taxes are robbery and all that. But this bailout and the actions by banks and homeowners and pretty much starting from the bubble to now, well, it’s a whole new level.

[jpinpb]

Brian – this has nothing to do w/my desire to buy a house. This has everything to do w/my tax dollars going to people robbing me, basically. Oh, and no need to go into how taxes are robbery and all that. But this bailout and the actions by banks and homeowners and pretty much starting from the bubble to now, well, it’s a whole new level.

[jpinpb]

Brian – this has nothing to do w/my desire to buy a house. This has everything to do w/my tax dollars going to people robbing me, basically. Oh, and no need to go into how taxes are robbery and all that. But this bailout and the actions by banks and homeowners and pretty much starting from the bubble to now, well, it’s a whole new level.

[Arraya]

[quote=SD Realtor]Arraya there is no difference between someone who knowingly gets a loan to buy a home and then never makes a single payment and squats for as long as they want until they are evicted, and people like Bill, and also people who behave in the manner you are proposing.
[/quote]

Says who

[quote=SD Realtor]
It is one thing to come on hard times and default. It is another thing to take advantage of the system that is corrupt, broken, and subsidized by taxpayers. Your posts have NOT ONE SINGLE DROP of personal responsibility
[/quote]

Sure, they do. I support people being personally responsible, like bill is doing and I could give a fuck about him living for free. It does not affect me one bit. he is acting within legal guidelines and doing what’s best for himself. Why do you think he should not act in his own personal best interest? Why do you support him being irresponsible to himself? Why are you showing disdain for personal responsibility?

[quote=SD Realtor]
Like I said, if I were in the unfortunate position to be a deadbeat, I would show remorse, humility, and shame. I would not display bravado, nor would I blame the banks, the govt, the mortgage industry, the real estate industry and everyone else. I would blame myself for being a stump and buying into the hype. I would not brag about how much money I make on the stock market, or travelling around the world, or how much money I am saving by living for free.[/quote]

So you can understand the action but are unsatisfied with his own personal narrative. Or are you angry that he wised up?

I don’t blame you for all the houses you sold during the bubble years which contributed to the bubble. you were just a product of your environment working in your own self interest just as Bill is a product of his doing the same. Though I do accept the possibility that people in RE have more “blood” on their hands than bill does.

The problem is we have a society where individual interests are not inline and often at odds with others individual interests and it will be the death of this society.

We are a fundamentally bad design.

[Arraya]

[quote=SD Realtor]Arraya there is no difference between someone who knowingly gets a loan to buy a home and then never makes a single payment and squats for as long as they want until they are evicted, and people like Bill, and also people who behave in the manner you are proposing.
[/quote]

Says who

[quote=SD Realtor]
It is one thing to come on hard times and default. It is another thing to take advantage of the system that is corrupt, broken, and subsidized by taxpayers. Your posts have NOT ONE SINGLE DROP of personal responsibility
[/quote]

Sure, they do. I support people being personally responsible, like bill is doing and I could give a fuck about him living for free. It does not affect me one bit. he is acting within legal guidelines and doing what’s best for himself. Why do you think he should not act in his own personal best interest? Why do you support him being irresponsible to himself? Why are you showing disdain for personal responsibility?

[quote=SD Realtor]
Like I said, if I were in the unfortunate position to be a deadbeat, I would show remorse, humility, and shame. I would not display bravado, nor would I blame the banks, the govt, the mortgage industry, the real estate industry and everyone else. I would blame myself for being a stump and buying into the hype. I would not brag about how much money I make on the stock market, or travelling around the world, or how much money I am saving by living for free.[/quote]

So you can understand the action but are unsatisfied with his own personal narrative. Or are you angry that he wised up?

I don’t blame you for all the houses you sold during the bubble years which contributed to the bubble. you were just a product of your environment working in your own self interest just as Bill is a product of his doing the same. Though I do accept the possibility that people in RE have more “blood” on their hands than bill does.

The problem is we have a society where individual interests are not inline and often at odds with others individual interests and it will be the death of this society.

We are a fundamentally bad design.

[Arraya]

[quote=SD Realtor]Arraya there is no difference between someone who knowingly gets a loan to buy a home and then never makes a single payment and squats for as long as they want until they are evicted, and people like Bill, and also people who behave in the manner you are proposing.
[/quote]

Says who

[quote=SD Realtor]
It is one thing to come on hard times and default. It is another thing to take advantage of the system that is corrupt, broken, and subsidized by taxpayers. Your posts have NOT ONE SINGLE DROP of personal responsibility
[/quote]

Sure, they do. I support people being personally responsible, like bill is doing and I could give a fuck about him living for free. It does not affect me one bit. he is acting within legal guidelines and doing what’s best for himself. Why do you think he should not act in his own personal best interest? Why do you support him being irresponsible to himself? Why are you showing disdain for personal responsibility?

[quote=SD Realtor]
Like I said, if I were in the unfortunate position to be a deadbeat, I would show remorse, humility, and shame. I would not display bravado, nor would I blame the banks, the govt, the mortgage industry, the real estate industry and everyone else. I would blame myself for being a stump and buying into the hype. I would not brag about how much money I make on the stock market, or travelling around the world, or how much money I am saving by living for free.[/quote]

So you can understand the action but are unsatisfied with his own personal narrative. Or are you angry that he wised up?

I don’t blame you for all the houses you sold during the bubble years which contributed to the bubble. you were just a product of your environment working in your own self interest just as Bill is a product of his doing the same. Though I do accept the possibility that people in RE have more “blood” on their hands than bill does.

The problem is we have a society where individual interests are not inline and often at odds with others individual interests and it will be the death of this society.

We are a fundamentally bad design.

[Arraya]

[quote=SD Realtor]Arraya there is no difference between someone who knowingly gets a loan to buy a home and then never makes a single payment and squats for as long as they want until they are evicted, and people like Bill, and also people who behave in the manner you are proposing.
[/quote]

Says who

[quote=SD Realtor]
It is one thing to come on hard times and default. It is another thing to take advantage of the system that is corrupt, broken, and subsidized by taxpayers. Your posts have NOT ONE SINGLE DROP of personal responsibility
[/quote]

Sure, they do. I support people being personally responsible, like bill is doing and I could give a fuck about him living for free. It does not affect me one bit. he is acting within legal guidelines and doing what’s best for himself. Why do you think he should not act in his own personal best interest? Why do you support him being irresponsible to himself? Why are you showing disdain for personal responsibility?

[quote=SD Realtor]
Like I said, if I were in the unfortunate position to be a deadbeat, I would show remorse, humility, and shame. I would not display bravado, nor would I blame the banks, the govt, the mortgage industry, the real estate industry and everyone else. I would blame myself for being a stump and buying into the hype. I would not brag about how much money I make on the stock market, or travelling around the world, or how much money I am saving by living for free.[/quote]

So you can understand the action but are unsatisfied with his own personal narrative. Or are you angry that he wised up?

I don’t blame you for all the houses you sold during the bubble years which contributed to the bubble. you were just a product of your environment working in your own self interest just as Bill is a product of his doing the same. Though I do accept the possibility that people in RE have more “blood” on their hands than bill does.

The problem is we have a society where individual interests are not inline and often at odds with others individual interests and it will be the death of this society.

We are a fundamentally bad design.

[Author]

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