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March 2, 2010 at 3:49 PM #519869March 2, 2010 at 4:24 PM #520012svelteParticipant
[quote=Nor-LA-SD-guy]Not every situation is the same,
I would say that depending on the location and amount under water and the financial position of the owner, this could possibly be the worst advice I have ever heard (but to each their own).
For other locations (say Palmdale or maybe Phoenix AZ, possibly Denver Co) anywhere there is almost unlimited flat build-able land it may even make a little sense.
For instance I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.
I said are you planning to live the north L.A. area for the next 10 years ???
He said yes.
I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.
But what ever you want to believe.[/quote]
Didn’t you already say this in the “100,000 living for free” thread?
March 2, 2010 at 4:24 PM #520794svelteParticipant[quote=Nor-LA-SD-guy]Not every situation is the same,
I would say that depending on the location and amount under water and the financial position of the owner, this could possibly be the worst advice I have ever heard (but to each their own).
For other locations (say Palmdale or maybe Phoenix AZ, possibly Denver Co) anywhere there is almost unlimited flat build-able land it may even make a little sense.
For instance I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.
I said are you planning to live the north L.A. area for the next 10 years ???
He said yes.
I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.
But what ever you want to believe.[/quote]
Didn’t you already say this in the “100,000 living for free” thread?
March 2, 2010 at 4:24 PM #520446svelteParticipant[quote=Nor-LA-SD-guy]Not every situation is the same,
I would say that depending on the location and amount under water and the financial position of the owner, this could possibly be the worst advice I have ever heard (but to each their own).
For other locations (say Palmdale or maybe Phoenix AZ, possibly Denver Co) anywhere there is almost unlimited flat build-able land it may even make a little sense.
For instance I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.
I said are you planning to live the north L.A. area for the next 10 years ???
He said yes.
I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.
But what ever you want to believe.[/quote]
Didn’t you already say this in the “100,000 living for free” thread?
March 2, 2010 at 4:24 PM #519872svelteParticipant[quote=Nor-LA-SD-guy]Not every situation is the same,
I would say that depending on the location and amount under water and the financial position of the owner, this could possibly be the worst advice I have ever heard (but to each their own).
For other locations (say Palmdale or maybe Phoenix AZ, possibly Denver Co) anywhere there is almost unlimited flat build-able land it may even make a little sense.
For instance I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.
I said are you planning to live the north L.A. area for the next 10 years ???
He said yes.
I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.
But what ever you want to believe.[/quote]
Didn’t you already say this in the “100,000 living for free” thread?
March 2, 2010 at 4:24 PM #520537svelteParticipant[quote=Nor-LA-SD-guy]Not every situation is the same,
I would say that depending on the location and amount under water and the financial position of the owner, this could possibly be the worst advice I have ever heard (but to each their own).
For other locations (say Palmdale or maybe Phoenix AZ, possibly Denver Co) anywhere there is almost unlimited flat build-able land it may even make a little sense.
For instance I know of a Guy in L.A. who is a 100K under water on his home (he still can easily afford it currently), he ask if it would be a good Idea to walk away.
I said are you planning to live the north L.A. area for the next 10 years ???
He said yes.
I said why ruin your credit (possibly your employability) when in ten years it will all be water under the bridge most likely.
But what ever you want to believe.[/quote]
Didn’t you already say this in the “100,000 living for free” thread?
March 2, 2010 at 4:49 PM #520819Nor-LA-SD-guyParticipantYes, but it applies to both .
March 2, 2010 at 4:49 PM #520037Nor-LA-SD-guyParticipantYes, but it applies to both .
March 2, 2010 at 4:49 PM #520562Nor-LA-SD-guyParticipantYes, but it applies to both .
March 2, 2010 at 4:49 PM #520471Nor-LA-SD-guyParticipantYes, but it applies to both .
March 2, 2010 at 4:49 PM #519897Nor-LA-SD-guyParticipantYes, but it applies to both .
March 2, 2010 at 7:14 PM #520854danielwisParticipantThis is a bullish sign iMO.
March 2, 2010 at 7:14 PM #520598danielwisParticipantThis is a bullish sign iMO.
March 2, 2010 at 7:14 PM #520506danielwisParticipantThis is a bullish sign iMO.
March 2, 2010 at 7:14 PM #519930danielwisParticipantThis is a bullish sign iMO.
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