Reply to Tell me how to get out of my underwater house

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People like you are exactly why there is a housing mess.

You knew what the payment would be.  You could afford it.  You can still afford it. You just don't want to pay.

You are selfish and greedy.  You should be ashamed.[/quote]

If you're a business and you walk away from a real estate deal, it's just a business decision.  Why is it different if you're not a business?  Both are business transactions, and homeowners pay mortgage insurance for just this purpose.

By the way, the lenders made all those "you got a pulse? you can afford this mortgage! sign here!" because they're selfish and greedy.

Banks take all the benefits and none of the risk (they pursue homeowners legally for difference, and their loans are federally guaranteed).  Why the corporate socialism?
[/quote]

Businesses that emerge from bankruptcy start on a clean slate.  Homeowners who default on their mortgages do not.  It's not good advice to suggest individuals act like banks.  They aren't too big to fail.  It will ruin their credit scores for a long time.[/quote]

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