Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,591,098 times
Reputation: 677
Advertisements
Quote:
Originally Posted by beanandpumpkin
And if your husband loses his job and you can't pay your (I'll just assume) modest mortgage, then what? If you don't keep up your end of your mortgage bargain, then you are indirectly contributing to the demise of someone else's job. And so it goes.
Not everyone in foreclosure bit off more than they could chew. Many lost their jobs and had to relocate to other parts of the country to get another comparable job. Even a modest mortgage (in our case, $1200 per month) is impossible to keep up with if there are several months of joblessness PLUS having to pay rent in a new community. Having the recommended three-months'-worth of savings only gets you so far when you have to use that money to relocate while also paying whatever necessary expenses (food, gasoline) you have.
Ahh yes...But the original question was, Is it ethical to walk away from a mortgage that you can afford? If you don't have a job, you can't afford your mortgage. Different story alltogether...
It is people making a choice to walk, not those having to walk due to necessity...
There is empathy for those who are losing their jobs. There is no empathy for the idiots that got themselves into a heap load of trouble by trying to outdo the Joneses.
Ahh yes...But the original question was, Is it ethical to walk away from a mortgage that you can afford? If you don't have a job, you can't afford your mortgage. Different story alltogether...
It is people making a choice to walk, not those having to walk due to necessity...
There is empathy for those who are losing their jobs. There is no empathy for the idiots that got themselves into a heap load of trouble by trying to outdo the Joneses.
Can afford at the cost of not sending your children to college? Of not having health care? How afford?
They would've/should've known what they could afford figuring those things in before they bought the place, ya think?
One final note to all ! It's one thing to say that you wouldn't walk untill the time comes in your life for you to make that discession ? then I really wonder what action you would take ?
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,591,098 times
Reputation: 677
Quote:
One final note to all ! It's one thing to say that you wouldn't walk untill the time comes in your life for you to make that discession ? then I really wonder what action you would take ?
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,591,098 times
Reputation: 677
Quote:
Originally Posted by olecapt
Nope. This is reasonable man stuff. No indication of how hard they could get hit.
Get over it. This is, for some, the equivalnet of an ecomomic meteorite strike.
Could happen to anyone, anytime...do you plan for it?
You're telling me college education savings, insurance payments, etc weren't calculated in someone's budget before they bought a house? I find that a little hard to believe.
You've got your perception, I have mine. Guess we'll have to agree to disagree.
You're telling me college education savings, insurance payments, etc weren't calculated in someone's budget before they bought a house? I find that a little hard to believe.
You've got your perception, I have mine. Guess we'll have to agree to disagree.
Just please tell me what planet are you living on ????
Location: Halfway between Number 4 Privet Drive and Forks, WA
1,516 posts, read 4,591,098 times
Reputation: 677
Quote:
Originally Posted by Fighter 1
Just please tell me what planet are you living on ????
I live on the planet called "I don't blame others for my mistakes." It's really a nice place... You should visit sometime...
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You should visit sometime...
