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  • November 30, 2007 at 9:59 PM #106189
    citydweller
    Participant

    sandiego, you say you bought to occupy, but then you say you don’t want to fund a bad “investment”. So which was it? A home or an investment?

    If it was truly purchased as a home that you liked and could afford, it’s current value should not be an issue.

    Is your condo by chance at Aqua Vista? And have you finally had enough of the valet parking? I don’t blame you for wanting to walk away from it, but don’t try to pass it off as having bought it as your “home”.

    November 30, 2007 at 10:20 PM #106047
    Anonymous
    Guest

    The blame lies at the feet of those who purchased: the buyers.

    Whose fault is this really? The buyers.

    Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.

    November 30, 2007 at 10:20 PM #106141
    Anonymous
    Guest

    The blame lies at the feet of those who purchased: the buyers.

    Whose fault is this really? The buyers.

    Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.

    November 30, 2007 at 10:20 PM #106175
    Anonymous
    Guest

    The blame lies at the feet of those who purchased: the buyers.

    Whose fault is this really? The buyers.

    Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.

    November 30, 2007 at 10:20 PM #106183
    Anonymous
    Guest

    The blame lies at the feet of those who purchased: the buyers.

    Whose fault is this really? The buyers.

    Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.

    November 30, 2007 at 10:20 PM #106199
    Anonymous
    Guest

    The blame lies at the feet of those who purchased: the buyers.

    Whose fault is this really? The buyers.

    Supply and demand drives prices. If people had simply refused to buy at overinflated prices, the game would have been over a long time ago. Greed is a great motivator to go against what you know to be reasonable.

    November 30, 2007 at 10:31 PM #106062
    lonestar2000
    Participant

    You know, the OP did not come here for a lesson in moral responsibility, he/she came for advise on the best course of action. Some of the comments expressed here is exactly why so many are put off this board, when the information herein could help so many.

    To the OP, it certainly does sound like your best bet is to walk, especially since you’re not planning on staying there for the long term. By the time you’re ready to buy you’ll have saved a nice down payment, and banks will be bending over backwards to get people back into the game after all this clears. I would worry far less about any negative credit effects and worry far more about wasting any more money and time here.

    November 30, 2007 at 10:31 PM #106156
    lonestar2000
    Participant

    You know, the OP did not come here for a lesson in moral responsibility, he/she came for advise on the best course of action. Some of the comments expressed here is exactly why so many are put off this board, when the information herein could help so many.

    To the OP, it certainly does sound like your best bet is to walk, especially since you’re not planning on staying there for the long term. By the time you’re ready to buy you’ll have saved a nice down payment, and banks will be bending over backwards to get people back into the game after all this clears. I would worry far less about any negative credit effects and worry far more about wasting any more money and time here.

    November 30, 2007 at 10:31 PM #106190
    lonestar2000
    Participant

    You know, the OP did not come here for a lesson in moral responsibility, he/she came for advise on the best course of action. Some of the comments expressed here is exactly why so many are put off this board, when the information herein could help so many.

    To the OP, it certainly does sound like your best bet is to walk, especially since you’re not planning on staying there for the long term. By the time you’re ready to buy you’ll have saved a nice down payment, and banks will be bending over backwards to get people back into the game after all this clears. I would worry far less about any negative credit effects and worry far more about wasting any more money and time here.

    November 30, 2007 at 10:31 PM #106198
    lonestar2000
    Participant

    You know, the OP did not come here for a lesson in moral responsibility, he/she came for advise on the best course of action. Some of the comments expressed here is exactly why so many are put off this board, when the information herein could help so many.

    To the OP, it certainly does sound like your best bet is to walk, especially since you’re not planning on staying there for the long term. By the time you’re ready to buy you’ll have saved a nice down payment, and banks will be bending over backwards to get people back into the game after all this clears. I would worry far less about any negative credit effects and worry far more about wasting any more money and time here.

    November 30, 2007 at 10:31 PM #106214
    lonestar2000
    Participant

    You know, the OP did not come here for a lesson in moral responsibility, he/she came for advise on the best course of action. Some of the comments expressed here is exactly why so many are put off this board, when the information herein could help so many.

    To the OP, it certainly does sound like your best bet is to walk, especially since you’re not planning on staying there for the long term. By the time you’re ready to buy you’ll have saved a nice down payment, and banks will be bending over backwards to get people back into the game after all this clears. I would worry far less about any negative credit effects and worry far more about wasting any more money and time here.

    November 30, 2007 at 11:48 PM #106072
    KIBU
    Participant

    I would not be surprised if it was Marion’s ex husband, whose income was 300,000/year, who in fact had helped Mr. sandiego for that 750,000 loan to pay for the condo.

    To sumarize, Mr. sandiego is a victim of that big loan and can only hope to walk away free. Marion is a victim of her husband and can only hope to walk away with alimoney money. Lastly, the poor husband is a victim of alimoney and can only hope to be left alone so he can find more loans for the other Mr. sandiego. Getting too many victims…

    November 30, 2007 at 11:48 PM #106166
    KIBU
    Participant

    I would not be surprised if it was Marion’s ex husband, whose income was 300,000/year, who in fact had helped Mr. sandiego for that 750,000 loan to pay for the condo.

    To sumarize, Mr. sandiego is a victim of that big loan and can only hope to walk away free. Marion is a victim of her husband and can only hope to walk away with alimoney money. Lastly, the poor husband is a victim of alimoney and can only hope to be left alone so he can find more loans for the other Mr. sandiego. Getting too many victims…

    November 30, 2007 at 11:48 PM #106200
    KIBU
    Participant

    I would not be surprised if it was Marion’s ex husband, whose income was 300,000/year, who in fact had helped Mr. sandiego for that 750,000 loan to pay for the condo.

    To sumarize, Mr. sandiego is a victim of that big loan and can only hope to walk away free. Marion is a victim of her husband and can only hope to walk away with alimoney money. Lastly, the poor husband is a victim of alimoney and can only hope to be left alone so he can find more loans for the other Mr. sandiego. Getting too many victims…

    November 30, 2007 at 11:48 PM #106208
    KIBU
    Participant

    I would not be surprised if it was Marion’s ex husband, whose income was 300,000/year, who in fact had helped Mr. sandiego for that 750,000 loan to pay for the condo.

    To sumarize, Mr. sandiego is a victim of that big loan and can only hope to walk away free. Marion is a victim of her husband and can only hope to walk away with alimoney money. Lastly, the poor husband is a victim of alimoney and can only hope to be left alone so he can find more loans for the other Mr. sandiego. Getting too many victims…

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