[sreeb]

I take the view that the non recourse nature of the loan is a loan feature just like all the other fine print. Fine print that the bank will not hesitate to take advantage of if it is to their advantage. Handing over the keys and walking is a business decision, not a moral one.

I view staying, forcing foreclosure, and stalling the process while not paying as a clear ethical problem.

I have seen some of loan packages sold to subprime borrowers and find it hard to be too sympathetic to the lenders. 0% down on an adjustable at 7% above the index? How could that ever work out well for the buyer? And how could it ever work out for the holder of 2nd which covered the last 20%.

[sreeb]

[quote=bearishgurl]INTJ.

This test was discussed recently on the forum.

See: http://piggington.com/ot_nyt_article_on_among_other_things_the_limits_of_our_ability_t?page=2%5B/quote%5D

Me too. I remember first taking that test in an internal management development class at my first employer. The leader called out the personality types and had us raise our hands. Out of a group of 40 of my peers and managers, I was the only INTJ. I felt quite conspicuous….

[sreeb]

[quote=bearishgurl]INTJ.

This test was discussed recently on the forum.

See: http://piggington.com/ot_nyt_article_on_among_other_things_the_limits_of_our_ability_t?page=2%5B/quote%5D

Me too. I remember first taking that test in an internal management development class at my first employer. The leader called out the personality types and had us raise our hands. Out of a group of 40 of my peers and managers, I was the only INTJ. I felt quite conspicuous….

[sreeb]

[quote=bearishgurl]INTJ.

This test was discussed recently on the forum.

See: http://piggington.com/ot_nyt_article_on_among_other_things_the_limits_of_our_ability_t?page=2%5B/quote%5D

Me too. I remember first taking that test in an internal management development class at my first employer. The leader called out the personality types and had us raise our hands. Out of a group of 40 of my peers and managers, I was the only INTJ. I felt quite conspicuous….

[sreeb]

[quote=bearishgurl]INTJ.

This test was discussed recently on the forum.

See: http://piggington.com/ot_nyt_article_on_among_other_things_the_limits_of_our_ability_t?page=2%5B/quote%5D

Me too. I remember first taking that test in an internal management development class at my first employer. The leader called out the personality types and had us raise our hands. Out of a group of 40 of my peers and managers, I was the only INTJ. I felt quite conspicuous….

[sreeb]

[quote=bearishgurl]INTJ.

This test was discussed recently on the forum.

See: http://piggington.com/ot_nyt_article_on_among_other_things_the_limits_of_our_ability_t?page=2%5B/quote%5D

Me too. I remember first taking that test in an internal management development class at my first employer. The leader called out the personality types and had us raise our hands. Out of a group of 40 of my peers and managers, I was the only INTJ. I felt quite conspicuous….

[sreeb]

[quote=EconProf]
Another observation is that decades ago, government workers at all levels did indeed make less than their private sector bretheren (and got generous non-monetary compensation as an offset), and in recent decades leap-frogged ahead in pay as well thanks to public sector unions. I predict a re-balancing in future years as voters demand a reset.[/quote]

In the not too distant future, the unions are going to discover there are two big bodies of voters.

1) Entitlement recipients who start to notice that public employees are sucking from the same (too small) pot of money.

2) Productive workers who view government workers as parasites and want fewer of them.

I think government job security is way overrated.

I predict a new bankruptcy chapter allowing state and municipal governments to “reorganize” away most of their pension problems within a decade.

[sreeb]

[quote=EconProf]
Another observation is that decades ago, government workers at all levels did indeed make less than their private sector bretheren (and got generous non-monetary compensation as an offset), and in recent decades leap-frogged ahead in pay as well thanks to public sector unions. I predict a re-balancing in future years as voters demand a reset.[/quote]

In the not too distant future, the unions are going to discover there are two big bodies of voters.

1) Entitlement recipients who start to notice that public employees are sucking from the same (too small) pot of money.

2) Productive workers who view government workers as parasites and want fewer of them.

I think government job security is way overrated.

I predict a new bankruptcy chapter allowing state and municipal governments to “reorganize” away most of their pension problems within a decade.

[sreeb]

[quote=EconProf]
Another observation is that decades ago, government workers at all levels did indeed make less than their private sector bretheren (and got generous non-monetary compensation as an offset), and in recent decades leap-frogged ahead in pay as well thanks to public sector unions. I predict a re-balancing in future years as voters demand a reset.[/quote]

In the not too distant future, the unions are going to discover there are two big bodies of voters.

1) Entitlement recipients who start to notice that public employees are sucking from the same (too small) pot of money.

2) Productive workers who view government workers as parasites and want fewer of them.

I think government job security is way overrated.

I predict a new bankruptcy chapter allowing state and municipal governments to “reorganize” away most of their pension problems within a decade.

[sreeb]

[quote=EconProf]
Another observation is that decades ago, government workers at all levels did indeed make less than their private sector bretheren (and got generous non-monetary compensation as an offset), and in recent decades leap-frogged ahead in pay as well thanks to public sector unions. I predict a re-balancing in future years as voters demand a reset.[/quote]

In the not too distant future, the unions are going to discover there are two big bodies of voters.

1) Entitlement recipients who start to notice that public employees are sucking from the same (too small) pot of money.

2) Productive workers who view government workers as parasites and want fewer of them.

I think government job security is way overrated.

I predict a new bankruptcy chapter allowing state and municipal governments to “reorganize” away most of their pension problems within a decade.

[sreeb]

[quote=EconProf]
Another observation is that decades ago, government workers at all levels did indeed make less than their private sector bretheren (and got generous non-monetary compensation as an offset), and in recent decades leap-frogged ahead in pay as well thanks to public sector unions. I predict a re-balancing in future years as voters demand a reset.[/quote]

In the not too distant future, the unions are going to discover there are two big bodies of voters.

1) Entitlement recipients who start to notice that public employees are sucking from the same (too small) pot of money.

2) Productive workers who view government workers as parasites and want fewer of them.

I think government job security is way overrated.

I predict a new bankruptcy chapter allowing state and municipal governments to “reorganize” away most of their pension problems within a decade.

[sreeb]

[quote=walterwhite]could this work to our advantage in getting the price even lower than our lowballish offer?[/quote]

Yes, it will be hard to sell and they know it will be hard to sell.

[sreeb]

[quote=walterwhite]could this work to our advantage in getting the price even lower than our lowballish offer?[/quote]

Yes, it will be hard to sell and they know it will be hard to sell.

[sreeb]

[quote=walterwhite]could this work to our advantage in getting the price even lower than our lowballish offer?[/quote]

Yes, it will be hard to sell and they know it will be hard to sell.

[sreeb]

[quote=walterwhite]could this work to our advantage in getting the price even lower than our lowballish offer?[/quote]

Yes, it will be hard to sell and they know it will be hard to sell.

[Author]

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