Now that we know the loan will go away once you move, it is imperative that you utilize the opportunity wisely and NOT recklessly by maximizing the loan.

Any other types of investment in ETFs etc where risk of loss is much higher, board members could be held neglient in investing HOA funds recklessly if that approach resulted in the loss of original principal.

That is no different from people who spend money recklessly and then just say "I can always file for bankruptcy".

The fallout was extensive: banks failed, established companies declared bankruptcy, the net worth of American households plunged, and millions of Americans lost their homes and jobs in a great recession that quickly spread globally, submerging the economies of Europe, Asia, and the developing world.Among the many firms and individuals who acted irresponsibly, and maybe criminally, perhaps none did so with such flair and recklessness as Countrywide Financial.

I guess I did sound a little reckless in my initial post.

The major factors that lead to the last crash where reckless lending and speculative purchasing.

Unlike many who believe an LLC will protect them from liability and underinsure.Additionally, I do not engage in reckless conduct (drink, DWI, neglected property, engage in personal relationships with tenants).A person with a 2nd grade education can establish an LLC in NJ.

Both state that parents nowadays are actually more interested in renting or even flat out buying condo units to keep their kids safe from reckless teenagers or limit their exposure so that when they come home their chances of accidentally sniping off grandpa are lowered.This makes me wonder if these types of properties are still worth chasing.

I've done one mobile home deal in my entire life and it was so crazy and reckless I'm amazed it worked out for me in the end.

The government and their typical reckless knee jerk solutions, of which in most cases are based on emotions, that are putting these homes at risk.