Viral Nature of Walking Away

[davelj]

[quote=pabloesqobar]
I disagree with you, Davelj. And if all the contract said was “I promise to pay”, then I may even agree with you. But, it says much more than that. Enough, in fact, to completely protect the person who made the “promise to pay”. The banks made certain promises in that contract too. Promises that limit their remedy to recovery of the property that was the collateral. Those are the default promises that most real estate contracts contain – contracts that weren’t drafted by attorneys representing individual buyers of single family homes.

“Breaking your word” is akin to breaching a contract. Many of our laws, including contract law, have their roots in fairness and morality. Most times when one party to a contract “breaks their word”, they can be sued in court to recover damages. Not so in most real estate contracts. Because they aren’t breaking their word.[/quote]

Let me summarize your argument here: What’s legal is moral. (If the contract allows for it, then it is legal and therefore also moral.) And I disagree with this position. Call me crazy, but I think legality and morality are two different issues.

I think we’ll find that most of what Goldman did during the crisis was legal. Do you think we’ll also find that it was moral? Do you distinguish between the two?

[quote=pabloesqobar]
By the way, who determines when any particular person/family “is tapped out” enough to get a moral pass in your book? Is there a specific formula? [/quote]

Sure. When their current income can’t support the payments and they’re down to their last $5K. That’s just off the top of my head.

[scaredyclassic]

so, just because it’s legal to get divorced, it’s still immoral, since you promised to stay together? Even if she’s beating you and cheating on you and she gains 250 lbs and is incontinent and ran up all your charge cards?

uh, no.

you cut your losses in spite of your promise.

same with the timeshare example. you may have “promised” to pay, but your promise wasn’t something that bound you forever in ever. it means, i will, unless things radically change, in whcih case, i won’t.

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future!

[scaredyclassic]

so, just because it’s legal to get divorced, it’s still immoral, since you promised to stay together? Even if she’s beating you and cheating on you and she gains 250 lbs and is incontinent and ran up all your charge cards?

uh, no.

you cut your losses in spite of your promise.

same with the timeshare example. you may have “promised” to pay, but your promise wasn’t something that bound you forever in ever. it means, i will, unless things radically change, in whcih case, i won’t.

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future!

[scaredyclassic]

so, just because it’s legal to get divorced, it’s still immoral, since you promised to stay together? Even if she’s beating you and cheating on you and she gains 250 lbs and is incontinent and ran up all your charge cards?

uh, no.

you cut your losses in spite of your promise.

same with the timeshare example. you may have “promised” to pay, but your promise wasn’t something that bound you forever in ever. it means, i will, unless things radically change, in whcih case, i won’t.

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future!

[scaredyclassic]

so, just because it’s legal to get divorced, it’s still immoral, since you promised to stay together? Even if she’s beating you and cheating on you and she gains 250 lbs and is incontinent and ran up all your charge cards?

uh, no.

you cut your losses in spite of your promise.

same with the timeshare example. you may have “promised” to pay, but your promise wasn’t something that bound you forever in ever. it means, i will, unless things radically change, in whcih case, i won’t.

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future!

[scaredyclassic]

so, just because it’s legal to get divorced, it’s still immoral, since you promised to stay together? Even if she’s beating you and cheating on you and she gains 250 lbs and is incontinent and ran up all your charge cards?

uh, no.

you cut your losses in spite of your promise.

same with the timeshare example. you may have “promised” to pay, but your promise wasn’t something that bound you forever in ever. it means, i will, unless things radically change, in whcih case, i won’t.

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future!

[davelj]

[quote=scaredycat]

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future![/quote]

One more reason that I’m against marriage… or at least any marriage where you promise to “blah blah blah” forever…

People break promises all the time. Can’t we at least call it what it is when it happens?

[davelj]

[quote=scaredycat]

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future![/quote]

One more reason that I’m against marriage… or at least any marriage where you promise to “blah blah blah” forever…

People break promises all the time. Can’t we at least call it what it is when it happens?

[davelj]

[quote=scaredycat]

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future![/quote]

One more reason that I’m against marriage… or at least any marriage where you promise to “blah blah blah” forever…

People break promises all the time. Can’t we at least call it what it is when it happens?

[davelj]

[quote=scaredycat]

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future![/quote]

One more reason that I’m against marriage… or at least any marriage where you promise to “blah blah blah” forever…

People break promises all the time. Can’t we at least call it what it is when it happens?

[davelj]

[quote=scaredycat]

maybe davelj is more of a romantic that one might think, since when he says i do, it would ahve to be forever, since a promise is a promise, regardless of the future![/quote]

One more reason that I’m against marriage… or at least any marriage where you promise to “blah blah blah” forever…

People break promises all the time. Can’t we at least call it what it is when it happens?

[scaredyclassic]

Ok you’re against marriages I’m against mortgages but they both still exist. Do you really think it is immoral to divorce? That sounds really olde-fashioned!

[scaredyclassic]

Ok you’re against marriages I’m against mortgages but they both still exist. Do you really think it is immoral to divorce? That sounds really olde-fashioned!

[scaredyclassic]

Ok you’re against marriages I’m against mortgages but they both still exist. Do you really think it is immoral to divorce? That sounds really olde-fashioned!

[scaredyclassic]

Ok you’re against marriages I’m against mortgages but they both still exist. Do you really think it is immoral to divorce? That sounds really olde-fashioned!

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