By: J Money

J Money — Thu, 11 Mar 2010 23:06:17 +0000

You had a most excellent article good sir!

By: Money Beagle

Money Beagle — Mon, 08 Mar 2010 19:10:48 +0000

Thanks for including me in your round-up and for the commentary. I’ll respond by saying that, while you are technically correct, I still don’t agree. First, the intent of a mortgage is to agree on the terms of a loan. The intent of a loan is to be paid back as stated in the terms of the mortgage document(). What you’re referring to is one of many terms, and it gives the bank rights to the property in the case that the payments aren’t made. I believe that this term exists with the implicit understanding that it would be exercised with rare case, and it’s my personal belief that these cases are to where people cannot afford the payments anymore. Second, putting the argument of my first point aside, I argue that for the economy as a whole to recover, the real estate sector must stabilize. We can never ever get stability as long as people are walking away because they ‘feel like it’, because every time that happens, it lowers values further and that brings someone else underwater. This cycle is never-ending if not broken, and the only way to break it is for responsible, morally apt homeowners to resist this temptation and consider the greater good.

By: Paul Williams

Paul Williams — Mon, 08 Mar 2010 15:14:53 +0000

I guess I could try to feed Bambi some yeast and see what happens.

Comments on: Weekend Links

By: J Money

By: Money Beagle

By: Paul Williams