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Updated over 16 years ago on . Most recent reply

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Joshua Dorkin
Pro Member
#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Founder
  • Maui, HI
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Stop Paying the Mortgage and Get Bailed Out Too!

Joshua Dorkin
Pro Member
#2 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Founder
  • Maui, HI
Posted

Lets see how much thought is going to go into this housing / bank bailout . . . frankly, I'm starting to think that the move to make is to stop paying the mortgage so I can:

a) Get "bailed out"
b) Renegotiate my loan
c) get any or all of the other great perks that some people in politics will bestow on those people who walked from their home.

Why not, right?

What do you think? Isn't this bailout just rewarding bad behavior? Yes, some people got screwed by bad people, but lots of people made bad decisions. Why should they be rewarded and those of us who pay our bills not?

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