Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (30460)	3/28/2008 5:21:39 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78750

OT: re: "If one is better off walking away than sucking it up and paying a mortgage on a depreciating asset, why not walk away?" By "better off", I assume you mean better off financially. And this trumps any and all other aspects that are not financial. Many believe your statement, it seems. If enough people believe this and act on this (I am losing money on a depreciating asset, therefore I walk away from it), our society disintegrates. Imo. "yet you expect the office worker to stoically pay off the mortgage" I never said anything about stoically. The person can cry every month. I am saying this: I EXPECT MEN TO HONOR THEIR COMMITMENTS. Which means if the person has the wherewithal to pay, the person should pay per the agreements and obligations incurred.