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Certainly, I am on the other end of the spectrum: paid off house + a different country which didn’t allow the ‘inventive’ mortgages. But the concept of - it’s OK to walk away if, if, if - is making our parents & their parents do cartwheels in their graves.
Greed from unchecked banks & greed (insert hope, dream or whatever pleasant word you feel should go here) from home buyers who expected to leapfrog a life of gradual affordable home upgrading (like our parents did) produced this mess. Dealing with a personal home situation going south as if it was a poor business decision may be the wise financial move, but the very concept of doing it & letting others pay, is morally bankrupt.
Ian
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'87 Carrera Cab
----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein -----
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