Originally Posted by
Carl Spackler
OK, here's Mr. Hardass again. In the theoretical example I've bolded above, that means a pilot would have bought a 500,000 home (since most areas have dropped by 50%). If a pilot who was in a position to be furloughed paid 500,000 for a home, that is HIS problem and his societal DUTY to pay it back. Notwithstanding the unbelievably poor judgment that shows, he has a duty to pay that back.
Carl
You know, I don't really mind you being Mr. HArdass. I also don't think I disagree with much of what you are saying. People who sign mortgage papers are signing a contract and making a promise to pay the mortgage company back, with interest. Period. Yes, I understand.
But, the point I am trying to make, which I'm not sure you disagree with, is that not everyone who has defaulted or will default on this promise made a bad decision when they decided to buy a house.
People make plans and they make decisions based on those plans, and sometimes they don't work out.
Are you really meaning to imply that when you signed your mortgage papers that your repayment to the bank was a guaranteed, sure fire thing?
Are you really suggesting that people who don't pay their mortgages be prosecuted? Do you mean criminally?
If your answer to any of these questions is yes, I would love to share an ocean crossing with you. We would have a lot to discuss.
