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sdduuuude
Participant[quote=Arraya]Which, I would bet, is the reason strategic defaulters are of a dramatically higher percentage, in the upper socioeconomic strata. They are better as estimating these things and probably less prone to self-interested propaganda.[/quote]
I think the definition of “strategic default” is the reason why it is more common in “upper socioeconomic strata.”
To be a strategic default, you have to be able to afford paying the mortgage on an under-water property. Most in the lower strata are unable to do so, and thus their defaults are not considered “strategic.”
Participant[quote=Arraya]Which, I would bet, is the reason strategic defaulters are of a dramatically higher percentage, in the upper socioeconomic strata. They are better as estimating these things and probably less prone to self-interested propaganda.[/quote]
I think the definition of “strategic default” is the reason why it is more common in “upper socioeconomic strata.”
To be a strategic default, you have to be able to afford paying the mortgage on an under-water property. Most in the lower strata are unable to do so, and thus their defaults are not considered “strategic.”
Participant[quote=Arraya]Which, I would bet, is the reason strategic defaulters are of a dramatically higher percentage, in the upper socioeconomic strata. They are better as estimating these things and probably less prone to self-interested propaganda.[/quote]
I think the definition of “strategic default” is the reason why it is more common in “upper socioeconomic strata.”
To be a strategic default, you have to be able to afford paying the mortgage on an under-water property. Most in the lower strata are unable to do so, and thus their defaults are not considered “strategic.”
Participant[quote=CA renter]Wealth and power are concentrated in the top because power and wealth are concentrated in the top.[/quote]
I agree, and that holds true for any and all political systems.
Participant[quote=CA renter]Wealth and power are concentrated in the top because power and wealth are concentrated in the top.[/quote]
I agree, and that holds true for any and all political systems.
Participant[quote=CA renter]Wealth and power are concentrated in the top because power and wealth are concentrated in the top.[/quote]
I agree, and that holds true for any and all political systems.
Participant[quote=CA renter]Wealth and power are concentrated in the top because power and wealth are concentrated in the top.[/quote]
I agree, and that holds true for any and all political systems.
Participant[quote=CA renter]Wealth and power are concentrated in the top because power and wealth are concentrated in the top.[/quote]
I agree, and that holds true for any and all political systems.
ParticipantI think you’d be hard-pressed to find any capitalist that even hints at the idea that the top consumers have superior morals. You’ve pulled that comment out of your ass and should probably put it back.
ParticipantI think you’d be hard-pressed to find any capitalist that even hints at the idea that the top consumers have superior morals. You’ve pulled that comment out of your ass and should probably put it back.
ParticipantI think you’d be hard-pressed to find any capitalist that even hints at the idea that the top consumers have superior morals. You’ve pulled that comment out of your ass and should probably put it back.
ParticipantI think you’d be hard-pressed to find any capitalist that even hints at the idea that the top consumers have superior morals. You’ve pulled that comment out of your ass and should probably put it back.
ParticipantI think you’d be hard-pressed to find any capitalist that even hints at the idea that the top consumers have superior morals. You’ve pulled that comment out of your ass and should probably put it back.
ParticipantNot in Clairemont. If they fill their garages with junk, where would they hang out with the guys and watch football ?
Lots of garages-turned-TV-rooms around here.
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