"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
32 Percent Of Americans Would Have No Problem Walking Away From Underwater Homes
Submitted by mhstahl on Sat, 2012-10-06 00:00
in
"A large number of Americans who are underwater on their mortgages would be better off financially if they walked away from their homes," Brent White, a University of Arizona real estate expert, told Business Insider in a past interview.
"They don't because we have a double standard ... individuals are told they have a moral obligation to pay their mortgages and corporations understand that contracts are to be breached when it's not economically efficient."
0
Your rating: None
- Login to post comments
User Login
Search This Site
Recent comments
-
No real surprise.1 week 2 days ago
-
https://gx2527leftinvietnam.com/2 weeks 3 days ago
-
https://www.infowars.com/posts/alert-col-macgregor-warns-dem...6 weeks 1 day ago
-
And of course, both of the author/commentators are Jews. No...6 weeks 3 days ago
-
Surprised to see Switzerland at only 32/100. Would've be...8 weeks 5 hours ago
-
https://www.infowars.com/posts/johns-hopkins-says-gun-contro...12 weeks 3 days ago
-
An early Christmas present, it seems -- here, some 17 years...16 weeks 4 days ago
-
Never Forget Building 7: https://www.infowars.com/pos...31 weeks 2 days ago
-
Straight out of the communist playbook, as per Saul Alinsky...50 weeks 1 day ago
-
It's certainly a step in the right direction.1 year 6 weeks ago
more