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July 21, 2009 at 2:20 PM in reply to: Intentional defaulting, not subprime mortgage is the problem #434678
AK
ParticipantA non-recourse mortgage is a form of hedging against asset deflation. You get too far underwater, you default.
I’d rather see them default, start renting, and contribute to the general economy again. Better than keeping them in debt servitude or bailing them out with mortgage mods.
July 21, 2009 at 2:20 PM in reply to: Intentional defaulting, not subprime mortgage is the problem #434883ParticipantA non-recourse mortgage is a form of hedging against asset deflation. You get too far underwater, you default.
I’d rather see them default, start renting, and contribute to the general economy again. Better than keeping them in debt servitude or bailing them out with mortgage mods.
July 21, 2009 at 2:20 PM in reply to: Intentional defaulting, not subprime mortgage is the problem #435200ParticipantA non-recourse mortgage is a form of hedging against asset deflation. You get too far underwater, you default.
I’d rather see them default, start renting, and contribute to the general economy again. Better than keeping them in debt servitude or bailing them out with mortgage mods.
July 21, 2009 at 2:20 PM in reply to: Intentional defaulting, not subprime mortgage is the problem #435274ParticipantA non-recourse mortgage is a form of hedging against asset deflation. You get too far underwater, you default.
I’d rather see them default, start renting, and contribute to the general economy again. Better than keeping them in debt servitude or bailing them out with mortgage mods.
July 21, 2009 at 2:20 PM in reply to: Intentional defaulting, not subprime mortgage is the problem #435442ParticipantA non-recourse mortgage is a form of hedging against asset deflation. You get too far underwater, you default.
I’d rather see them default, start renting, and contribute to the general economy again. Better than keeping them in debt servitude or bailing them out with mortgage mods.
ParticipantAmazing responses with hard data … thanks everyone!
ParticipantAmazing responses with hard data … thanks everyone!
ParticipantAmazing responses with hard data … thanks everyone!
ParticipantAmazing responses with hard data … thanks everyone!
ParticipantAmazing responses with hard data … thanks everyone!
ParticipantAbout 150-200 ft. as measured via Google Earth. One more house to the corner, then across the street, then a bit of greenbelt, then bzzzt!
I grew up in a town where many high-end homes were built near or even under power lines, so I guess I’m a bit desensitized to the controversy.
ParticipantAbout 150-200 ft. as measured via Google Earth. One more house to the corner, then across the street, then a bit of greenbelt, then bzzzt!
I grew up in a town where many high-end homes were built near or even under power lines, so I guess I’m a bit desensitized to the controversy.
ParticipantAbout 150-200 ft. as measured via Google Earth. One more house to the corner, then across the street, then a bit of greenbelt, then bzzzt!
I grew up in a town where many high-end homes were built near or even under power lines, so I guess I’m a bit desensitized to the controversy.
ParticipantAbout 150-200 ft. as measured via Google Earth. One more house to the corner, then across the street, then a bit of greenbelt, then bzzzt!
I grew up in a town where many high-end homes were built near or even under power lines, so I guess I’m a bit desensitized to the controversy.
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