[CA Conservative]

Is it really necessary to USE ALL CAPS?

[isthisnickcool]

A deal is a deal. Pay your obligations.

[PeterPrinciple]

I FEEL LIKE A COMPLETE IDIOT, I ALWAYS PAY MY MORTGAGE ONTIME AND HAVE EXCELLENT CREDIT. HOWEVER, THE ECONOMY IS GOING TO EVENTUALLY CRASH AND WE’LL ALL LOSE OUR HOMES, SO I CANNOT FIGURE OUT WHY I AM PAYING RATHER THAN JUST STOP PAYING AND SAVING THE MONEY?

---

LIfe is full of choices, you can be like them if you want.

[Neoliberalnot]

You gotta wonder. Do these deadbeats get to escape any accrued interest on the unpaid balance?

[CSM]

Why would you feel like an idiot for not being a loser/welcher?

We’re not “all going to lose our homes” either. It isn’t as if we’ll have 330 million people wandering the streets.

[Lazlo in PA]

I GUESS BECAUSE MORALLY I COULDN'T DO THAT, AND I MADE SURE I COULD AFFORD MY HOUSE, AND I GOT A FIXED RATE MORTGAGE RATHER THAN GAMBLE THAT I WOULD EVENTUALLY BE ABLE TO AFFORD IT LIKE THE REST OF THESE LOSERS. I'M PISSED.

Why? You will still own your house after 5 years. People taking the gamble on non payment will not and I rather doubt they will be living well after that. I think that is just an impression people have of the freeloaders. They will get theirs down the road.

[Peter from Rutland]

HE ECONOMY IS GOING TO EVENTUALLY CRASH AND WE'LL ALL LOSE OUR HOMES You are a moron. Send me all your money immediately.

[submarinerswife]

This lady has them beat

Women hasn't paid mortgage in over 25 years

[The4thHorseman]

To me it all comes down to the value of peace of mind (in addition to maintaining good credit).

These people wake up every day with no peace of mind that they will continue to be allowed to live in a house they don’t own.

I think the stress of that alone would kill me (or at least seriously impact my health).

So I’ll continue to pay my mortgage because it’s the right thing to do and it gives me the peace of mind I need. (Lord knows there are enough things going on in the world to stress me out without me creating even more stress through my own bad actions.)

[cashless]

So that's how they can afford those big times houses, big SUVs, gardeners, eating out every night, country club memberships, expensive jewelry, and God knows what else. But enough about Congress, let's talk about regular Americans.

[Arrowhead1952]

We paid off our mortgage in 2008, and our house is still worth about 60% more than what we paid in 1990. I know a lot of the newer homes are upside down on value.

[mnehring]

I guess the concept of honor and the value of ones word is completely lost?

[Cincinna]

A mortgage agreement is a legal contract. We live in a civil society with obligations to fulfill contracts.
Not paying your mortgage, and keeping the money you owe the bank who lent it to you is very risky & short sighted. Morally reprehensible IMHO.
Do the right thing, no matter what others around you are doing.

[Alex Murphy]

THE ECONOMY IS GOING TO EVENTUALLY CRASH AND WE'LL ALL LOSE OUR HOMES, SO I CANNOT FIGURE OUT WHY I AM PAYING RATHER THAN JUST STOP PAYING AND SAVING THE MONEY?

The wicked borrows but does not pay back,
but the righteous is generous and gives
-- Psalm 37:21

[FortWorthPatriot]

Last year when I was unemployed, I missed only three months of mortgage payments. My house was up for foreclosure by the end of that time. How people can go for years without paying on purpose and get away with it is beyond my comprehension. I guess the county saw that I had always voted Republican and punished me for it. If I had voted demonrat maybe I would have gotten away with it...

[Mr.Unique]

Lynn...purchased a two-bedroom on Tampa Bay in 1998 for $135,000. As the waterfront property's value skyrocketed, eventually reaching $750,000, she refinanced twice (once to expand a business), and took out a second mortgage. She now owes more than $600,000 on the home, which is worth only $235,000.

The math:spin options:

1. The house is now worth $100,000 ($235,000 - $135,000) more than when she bought it:She made some bad decisions, and now she’s paying for it.

2. She lost $515,000 ($750,000 - $235,000) on this house because of evil bankers:She deserves sympathy.

[GOPJ]

After a while a person becomes the sum of their choices.

[DannyTN]

So you're envious of the wicked.

Pro 23:17 Let not thine heart envy sinners: but [be thou] in the fear of the LORD all the day long. Pro 23:18 For surely there is an end; and thine expectation shall not be cut off.

[HereInTheHeartland]

It’s called integrity. Some have it, some don’t have it and make excuses. (the bank made me do it, etc..).

[Tennessee Nana]

SO I CANNOT FIGURE OUT WHY I AM PAYING RATHER THAN JUST STOP PAYING AND SAVING THE MONEY?
_____________________________________________

SO THAT SOME DAY YOU WILL OWN YOUR HOME AND WILL NOT BE A LOSER