El Pinko
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Mon Jan-28-08 08:58 AM
Response to Reply #9 |
| 15. I didn't read that value judgement into the piece. |
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It says that this is happening, because it is.
Yes, the acceptability of default has gone up.
Is it less than honorable behavior? Yes.
But how honorably were the lending and real estate industries acting when they knowingly created the bubble? They're reaping what they sowed.
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| -Another Facet to the Foreclosure Explosion: Homedebtors DELIBERATELY Choosing Foreclosure - LAT |
El Pinko |
Jan-28-08 08:39 AM |
#0 |
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My nominee for neologism of the year, 2008 - "jingle mail" |
hatrack |
Jan-28-08 08:42 AM |
#1 |
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The Inevitable Consequence of the Recently Passed Bankruptcy Laws |
Demeter |
Jan-28-08 08:42 AM |
#2 |
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Exactly. It's a bad "be careful what you ask for" situation come true |
Gman |
Jan-28-08 08:48 AM |
#8 |
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Biden's law? |
Supersedeas |
Jan-28-08 04:47 PM |
#49 |
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I hate to be so technical, but |
JuniorPlankton |
Jan-28-08 08:44 AM |
#3 |
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This behavior was featured on "60 Minutes" last night... |
TwoSparkles |
Jan-28-08 08:45 AM |
#4 |
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I saw that piece |
Mojorabbit |
Jan-28-08 08:52 AM |
#12 |
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I see a complete disaster....like the worst recession ever... |
TwoSparkles |
Jan-28-08 09:34 AM |
#19 |
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My hubby is a family physician |
Mojorabbit |
Jan-28-08 10:51 AM |
#35 |
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If the house is in a good location you can ride it out and still make money |
CTyankee |
Jan-28-08 04:01 PM |
#47 |
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that was a great report |
gasperc |
Jan-28-08 10:06 AM |
#24 |
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Indeed it was. We bought our dream home last year |
blondeatlast |
Jan-28-08 10:55 AM |
#37 |
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It finally sunk in - that giant sucking sound - those jobs.... |
InkAddict |
Jan-28-08 11:14 AM |
#39 |
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I actually think this is pretty funny. |
Vickers |
Jan-28-08 08:46 AM |
#5 |
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During the oil bust in the 80's |
Gman |
Jan-28-08 08:47 AM |
#6 |
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Maintaining good credit ratings will certainly slip. |
peacebuzzard |
Jan-28-08 08:48 AM |
#7 |
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Depends on the state. |
JDPriestly |
Jan-28-08 09:22 AM |
#17 |
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Damn Leeches. I'll bet this problem is as rampant as the Welfare Queens |
Wickerman |
Jan-28-08 08:49 AM |
#9 |
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I have had more than my share of fun by pointing out to wingers that |
Gman |
Jan-28-08 08:53 AM |
#13 |
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HAH! You nailed it! nt |
zanne |
Jan-28-08 08:56 AM |
#14 |
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I didn't read that value judgement into the piece. |
El Pinko |
Jan-28-08 08:58 AM |
#15 |
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That's what I'm saying. It's not honorable to walk away, but does it makes sense? |
closeupready |
Jan-28-08 09:45 AM |
#21 |
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Perhaps you didn't, but the OP said |
Wickerman |
Jan-28-08 10:15 AM |
#27 |
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I'm sorry if the homedebtor thing had that connotation. |
El Pinko |
Jan-28-08 10:33 AM |
#31 |
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"Honor" and a secured loan.... |
jberryhill |
Jan-28-08 10:23 AM |
#29 |
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Very good point. |
El Pinko |
Jan-28-08 10:38 AM |
#32 |
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were you by any chance a Reagan Democrat? |
eShirl |
Jan-28-08 09:07 AM |
#16 |
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Certainly not, and before I openly personally attack someone |
Wickerman |
Jan-28-08 10:09 AM |
#25 |
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I caught your sarcasm, but am not surprised at the misunderstanding... |
El Pinko |
Jan-28-08 10:13 AM |
#26 |
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I thought the final sentence of the post was more than adequate n/t |
Wickerman |
Jan-28-08 10:17 AM |
#28 |
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it was, but some people are way too conditioned to the sarcasm smilie... |
QuestionAll |
Jan-28-08 10:54 AM |
#36 |
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An excellent observation. |
Gormy Cuss |
Jan-28-08 12:51 PM |
#42 |
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two-step |
enid602 |
Jan-28-08 08:51 AM |
#10 |
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Texas and Florida, the deadbeat states |
formercia |
Jan-28-08 03:18 PM |
#43 |
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I've begun to think most Americans are too ignorant to live. I watch a lot of HGTV and |
sinkingfeeling |
Jan-28-08 08:52 AM |
#11 |
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I'm losing my house on Thursday, |
PRETZEL |
Jan-28-08 09:29 AM |
#18 |
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I'm sorry for what you've been going through. |
El Pinko |
Jan-28-08 09:49 AM |
#22 |
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thanks, |
PRETZEL |
Jan-28-08 10:48 AM |
#34 |
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In some cases, it probably IS a smart move, isn't it? |
closeupready |
Jan-28-08 09:37 AM |
#20 |
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The greedy loan sharks must be in anger n/t |
conspirator |
Jan-28-08 09:57 AM |
#23 |
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i know someone who did this |
pitohui |
Jan-28-08 10:31 AM |
#30 |
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The problem is not that they will walk away, the problem is they may stay and not pay. |
ThomWV |
Jan-28-08 10:42 AM |
#33 |
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Maybe We'll All Get Squatters' Rights |
Crisco |
Jan-28-08 10:57 AM |
#38 |
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this is why prospective buyers USED to have to put 30% DOWN |
SoCalDem |
Jan-28-08 12:21 PM |
#40 |
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Sickening. I'm so sorry. |
blondeatlast |
Jan-28-08 03:47 PM |
#44 |
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Color the lenders shocked, shocked! |
gratuitous |
Jan-28-08 12:35 PM |
#41 |
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Aren't there significant tax implications involved here, as 'forgiven debt' which in AZ, I believe, |
AzDar |
Jan-28-08 03:48 PM |
#45 |
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Won't they still have to pay what the bank losses when they sell the house at auction? |
sarcasmo |
Jan-28-08 04:00 PM |
#46 |
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Yes, but... |
jberryhill |
Jan-28-08 05:01 PM |
#50 |
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Hi, welcome to capitalism 101. |
Rex |
Jan-28-08 04:03 PM |
#48 |
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I know two people that are doing that. Free living for months. |
Neshanic |
Jan-28-08 05:12 PM |
#51 |
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When nobody's left to give a damn about credit scores, what then? |
hunter |
Jan-28-08 06:19 PM |
#52 |
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