[GoUSC]

Was anyone else blown away by the woman (who talked about foreclosing because they were underwater in their mortgage) responded to the commentators question about being in a contract and honoring that contract with, “Yea but only if the home is going up in value.”

Un-freaking-believable.

Edit. Here is the actually conversation:

Matt: The value of the house keeps going down and the payments keep going up. Where’s the logic in that?

Stephanie: Why make a $3200 a month payment on a 1200 square foot home? It makes no sense.

Steve Kroft: But that’s what you agreed to do when you bought the house.

Stephanie: Fine if the value was going up. The value is going down.

Steve Kroft: You are saying essentially you are going to stop making payments.

Stephanie: The only advice we’ve gotten so far is to walk away.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

I follow Mish and Tanta/CR pretty extensively. Lenders and borrowers are all responsible to this mess. Still I thought the article was concise and to the point. Plus the people around me I am trying to get to understand what is going on are much more likely to believe an article from this source than a Blog.

[GoUSC]

Wow this sure is a sign of the times. Since when is being financially responsible a bad thing? It amazes me, I have a family member that makes a lot less than me. I find myself being much more careful about what I spend money on then him when he should be the one counting his pennies.

Sad where we have come.

[GoUSC]

Wow this sure is a sign of the times. Since when is being financially responsible a bad thing? It amazes me, I have a family member that makes a lot less than me. I find myself being much more careful about what I spend money on then him when he should be the one counting his pennies.

Sad where we have come.

[GoUSC]

Wow this sure is a sign of the times. Since when is being financially responsible a bad thing? It amazes me, I have a family member that makes a lot less than me. I find myself being much more careful about what I spend money on then him when he should be the one counting his pennies.

Sad where we have come.

[GoUSC]

Wow this sure is a sign of the times. Since when is being financially responsible a bad thing? It amazes me, I have a family member that makes a lot less than me. I find myself being much more careful about what I spend money on then him when he should be the one counting his pennies.

Sad where we have come.

[GoUSC]

Wow this sure is a sign of the times. Since when is being financially responsible a bad thing? It amazes me, I have a family member that makes a lot less than me. I find myself being much more careful about what I spend money on then him when he should be the one counting his pennies.

Sad where we have come.

[GoUSC]

It is absolutely staggering what is happening in the world markets guys. Up to now I have had my share of wanting the adjustment but what we are seeing here is a global correction on an absolute unprecedented level.

I am *very* nervous.

Thank god all my cash is sitting in CD’s and savings account. At least my principal is 100% protected.

[GoUSC]

It is absolutely staggering what is happening in the world markets guys. Up to now I have had my share of wanting the adjustment but what we are seeing here is a global correction on an absolute unprecedented level.

I am *very* nervous.

Thank god all my cash is sitting in CD’s and savings account. At least my principal is 100% protected.

[GoUSC]

It is absolutely staggering what is happening in the world markets guys. Up to now I have had my share of wanting the adjustment but what we are seeing here is a global correction on an absolute unprecedented level.

I am *very* nervous.

Thank god all my cash is sitting in CD’s and savings account. At least my principal is 100% protected.

[GoUSC]

It is absolutely staggering what is happening in the world markets guys. Up to now I have had my share of wanting the adjustment but what we are seeing here is a global correction on an absolute unprecedented level.

I am *very* nervous.

Thank god all my cash is sitting in CD’s and savings account. At least my principal is 100% protected.

[Author]

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