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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: anachronist who wrote (217325)8/25/2009 11:15:33 AM
From: BWACRead Replies (1) | Respond to of 306849
 
<If people were left to their own devices they might just stop adding to their insane debt levels. >

If you can't pay your debt level to begin with and its all nonrecourse, then is it insane to keep adding every chance you get?

What the worst that could happen? You end up 50k in the hole rather than 40k?

F' the banks, spend it all and tell them to eat it later.