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September 28, 2009 at 12:21 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #461703
GoUSC
ParticipantI can understand SOME of these strategic defaulters. My friend is a perfect example. She owns a condo as an investment property. It has a variable rate loan (that goes variable in ~2 years) with a HELOC. The property is not underwater. She doesn’t want anything for free. She is not looking for below-market interest rates, she is not looking for debt forgiveness. She just wants the bank to roll her 1st and 2nd into a market-rate 30 year fixed loan. But the bank won’t even talk to her. Why shouldn’t see say screw you and walk away. She feels like she is throwing money down the drain because in 2 years when her rate goes through the roof she won’t be able to afford it anymore… the bank is not willing to work with her now. It’s completely stupid.
September 28, 2009 at 12:21 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #461898ParticipantI can understand SOME of these strategic defaulters. My friend is a perfect example. She owns a condo as an investment property. It has a variable rate loan (that goes variable in ~2 years) with a HELOC. The property is not underwater. She doesn’t want anything for free. She is not looking for below-market interest rates, she is not looking for debt forgiveness. She just wants the bank to roll her 1st and 2nd into a market-rate 30 year fixed loan. But the bank won’t even talk to her. Why shouldn’t see say screw you and walk away. She feels like she is throwing money down the drain because in 2 years when her rate goes through the roof she won’t be able to afford it anymore… the bank is not willing to work with her now. It’s completely stupid.
September 28, 2009 at 12:21 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462241ParticipantI can understand SOME of these strategic defaulters. My friend is a perfect example. She owns a condo as an investment property. It has a variable rate loan (that goes variable in ~2 years) with a HELOC. The property is not underwater. She doesn’t want anything for free. She is not looking for below-market interest rates, she is not looking for debt forgiveness. She just wants the bank to roll her 1st and 2nd into a market-rate 30 year fixed loan. But the bank won’t even talk to her. Why shouldn’t see say screw you and walk away. She feels like she is throwing money down the drain because in 2 years when her rate goes through the roof she won’t be able to afford it anymore… the bank is not willing to work with her now. It’s completely stupid.
September 28, 2009 at 12:21 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462315ParticipantI can understand SOME of these strategic defaulters. My friend is a perfect example. She owns a condo as an investment property. It has a variable rate loan (that goes variable in ~2 years) with a HELOC. The property is not underwater. She doesn’t want anything for free. She is not looking for below-market interest rates, she is not looking for debt forgiveness. She just wants the bank to roll her 1st and 2nd into a market-rate 30 year fixed loan. But the bank won’t even talk to her. Why shouldn’t see say screw you and walk away. She feels like she is throwing money down the drain because in 2 years when her rate goes through the roof she won’t be able to afford it anymore… the bank is not willing to work with her now. It’s completely stupid.
September 28, 2009 at 12:21 PM in reply to: Homeowners who ‘strategically default’ on loans a growing problem #462520ParticipantI can understand SOME of these strategic defaulters. My friend is a perfect example. She owns a condo as an investment property. It has a variable rate loan (that goes variable in ~2 years) with a HELOC. The property is not underwater. She doesn’t want anything for free. She is not looking for below-market interest rates, she is not looking for debt forgiveness. She just wants the bank to roll her 1st and 2nd into a market-rate 30 year fixed loan. But the bank won’t even talk to her. Why shouldn’t see say screw you and walk away. She feels like she is throwing money down the drain because in 2 years when her rate goes through the roof she won’t be able to afford it anymore… the bank is not willing to work with her now. It’s completely stupid.
ParticipantThree comments:
1. It is will documented that the Audi problem was completely operator error. People were slamming on the gas versus the brake pedal.
2. I have a drive-by-wire car (BMW M3) and have absolutely NO problems with it.
3. I currently have a loaner Infiniti FX35 with the stupid push button starter and think it is the most retarded thing ever. Just another motion I have to go through to start the car. Is turning a key REALLY that tough????
ParticipantThree comments:
1. It is will documented that the Audi problem was completely operator error. People were slamming on the gas versus the brake pedal.
2. I have a drive-by-wire car (BMW M3) and have absolutely NO problems with it.
3. I currently have a loaner Infiniti FX35 with the stupid push button starter and think it is the most retarded thing ever. Just another motion I have to go through to start the car. Is turning a key REALLY that tough????
ParticipantThree comments:
1. It is will documented that the Audi problem was completely operator error. People were slamming on the gas versus the brake pedal.
2. I have a drive-by-wire car (BMW M3) and have absolutely NO problems with it.
3. I currently have a loaner Infiniti FX35 with the stupid push button starter and think it is the most retarded thing ever. Just another motion I have to go through to start the car. Is turning a key REALLY that tough????
ParticipantThree comments:
1. It is will documented that the Audi problem was completely operator error. People were slamming on the gas versus the brake pedal.
2. I have a drive-by-wire car (BMW M3) and have absolutely NO problems with it.
3. I currently have a loaner Infiniti FX35 with the stupid push button starter and think it is the most retarded thing ever. Just another motion I have to go through to start the car. Is turning a key REALLY that tough????
ParticipantThree comments:
1. It is will documented that the Audi problem was completely operator error. People were slamming on the gas versus the brake pedal.
2. I have a drive-by-wire car (BMW M3) and have absolutely NO problems with it.
3. I currently have a loaner Infiniti FX35 with the stupid push button starter and think it is the most retarded thing ever. Just another motion I have to go through to start the car. Is turning a key REALLY that tough????
August 30, 2009 at 5:38 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #450758ParticipantI am up 18% this year. HOWEVER my 401k was in Mutual Funds for the past year and a half (I didn’t jump back in until around April/May) so I am up 18% in the past 3 months on a portfolio that was flat for a year a half.
August 30, 2009 at 5:38 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #450949ParticipantI am up 18% this year. HOWEVER my 401k was in Mutual Funds for the past year and a half (I didn’t jump back in until around April/May) so I am up 18% in the past 3 months on a portfolio that was flat for a year a half.
August 30, 2009 at 5:38 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #451289ParticipantI am up 18% this year. HOWEVER my 401k was in Mutual Funds for the past year and a half (I didn’t jump back in until around April/May) so I am up 18% in the past 3 months on a portfolio that was flat for a year a half.
August 30, 2009 at 5:38 PM in reply to: What’s your 401K return as of Aug 28, 2009 for the year #451363ParticipantI am up 18% this year. HOWEVER my 401k was in Mutual Funds for the past year and a half (I didn’t jump back in until around April/May) so I am up 18% in the past 3 months on a portfolio that was flat for a year a half.
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