Does Your Word Mean Anything?

[Richard Warren]

I was raised to believe that the most valuable asset in business, and in life, is integrity. Your word is supposed to mean something and personal ethics are paramount.

This week my article on the BiggerPockets Blog was about The Ethics of Real Estate Strategic Default.

Article: http://www.biggerpockets.com/renewsblog/2010/05/03/ethics-of-real-estate-strategic-default/

To be sure, I expected it to get a reaction and it was written with that in mind. There are a lot of comments regarding the role banks had in the mess and there is no doubt that the financial meltdown couldn’t have happened without their recklessness. That’s not what I am debating.

The question is – Do you have a moral and ethical responsibility to honor your agreements?

It seems I am in the minority on this one and have even been called an idiot for thinking the way I do. Personally, I’d rather be the village idiot than discard my beliefs.

What do you think?

:cool: