Strategic default

iVillage Member
Registered: 10-25-2006
Strategic default
51
Mon, 08-16-2010 - 3:06pm

How about this for sticking it to the younger generation?

http://blogs.reuters.com/deep-pocket/2010/08/13/strategic-defaults-why-older-americans-walk-away-from-mortgages/

Any 68 yo with $6,000/mo in retirement income should not be able to walk away from his mortgage. I had no idea that in some states they cannot go after the other assets of these defaulters.

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http://www.pnhp.org/news/2009/october/meet_the_new_health_.php

http://www.youtube.com/watch?v=DQTBYQlQ7yM

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iVillage Member
Registered: 08-14-2010
In reply to: janetlz
Fri, 08-27-2010 - 3:36pm
I wouldn't say it isn't smart within the context you've used TB, so more power to you.
iVillage Member
Registered: 02-28-2010
In reply to: janetlz
Thu, 08-26-2010 - 11:24pm
and I'll just a keep a swimmin' because my place is more than just a building - it's a "home."
iVillage Member
Registered: 08-14-2010
In reply to: janetlz
Thu, 08-26-2010 - 6:29pm
My post to Tinkerbell may have thrown people off. I was reminding them they'll have farther to swim to get above water on their home than they were previously aware.
iVillage Member
Registered: 07-15-2010
In reply to: janetlz
Thu, 08-26-2010 - 5:46pm
I feel much better now. That one was really confusing me! I thought you two were on the same side regarding the topic.


>>Luck is what you call it when preparation meets opportunity<<
iVillage Member
Registered: 08-14-2010
In reply to: janetlz
Thu, 08-26-2010 - 4:58pm
I don't know why you're posting this to me. Times change. If a person finds themselves underwater, they should get out. I've been very consitent on that.


Edited 8/26/2010 6:13 pm ET by total_recall
iVillage Member
Registered: 01-25-2010
In reply to: janetlz
Thu, 08-26-2010 - 2:15pm
That's not all the monies spent overseas. I myself follow my grandmother's dictum:"charity begins at home". Too much of our wealth is sent overseas and not helping Americans.

xvx Pictures, Images and Photos


iVillage Member
Registered: 12-15-2009
In reply to: janetlz
Thu, 08-26-2010 - 11:55am

And how about THIS for sticking it to ALL of us:


iVillage Member
Registered: 01-25-2010
In reply to: janetlz
Thu, 08-26-2010 - 5:29am
That's adam smith capitalism for you!

xvx Pictures, Images and Photos


iVillage Member
Registered: 01-25-2010
In reply to: janetlz
Thu, 08-26-2010 - 5:24am
xvx Pictures, Images and Photos


iVillage Member
Registered: 08-14-2010
In reply to: janetlz
Wed, 08-25-2010 - 10:45pm

"Still in denial, huh?"


No denial here. I fully admit how destructive socialism is. That's why I don't support it.

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