Quote:
Originally Posted by randallscott35
If you are talking about the general morality of it, there is none to me. The banks have pillaged this country to no end and they can break whatever agreements they want and get whatever bailouts they want. Why people don't jingle mail them to death is beyond me...Unless you love where you are living a mortgage can be broken like anything else. You are going to face years of sh.it credit and if you know the ramifications and live in a state without recourse, you're stupid not to walk.
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Again, each set of circumstances is different. It sounds like your friends live modestly and have suffered a setback or two. I wish them well.
Others simply have a lifestyle they know they really can't afford. It's all about instant gratification, why bother to save for anything. These people usually become a burden to us all. It's hard to feel sorry for them.