because its a conflict of business and honor
People are bustng their rear ends - some without job security or wage security- to make payments on houses they bought for $500,000 that are now worth $200,000
And paying taxes taxes taxes to subsidize the same bank crooks who ruined the mortgage and real estate markets, and are now giving away loans for a new generation of irresponsible people to buy the house next door for $200,000
“Honor” in our society, when our eyes are opened and we see how we are being manipulated and robbed by crooks at every level...”honor” in dealing with such people is a relativist concept
I can foresee “every man for himself (and his family’s security”) coming into play some day when making decisions about whether my family, bereft of our 201K retirement savings, eats .... or a loan company and local tax collector gets paid
“when our eyes are opened and we see how we are being manipulated and robbed by crooks at every level..”
The decline in my home value is not realized until a sale occurs. By “walking away” the robbery becomes a reality. I prefer to maintain control of my own affairs and not give the bankers more power than they already have.
“...”honor” in dealing with such people is a relativist concept”
Relativism is not a very conservative concept.
“I can foresee “every man for himself (and his family’s security”) coming into play some day when making decisions about whether my family, bereft of our 201K retirement savings, eats .... or a loan company and local tax collector gets paid”
That is not what this author is discussing. The choice between food and the mortgage is real for many folks and their walking away from the mortgage is their only choice. This author is walking away from the mortgage when that choice is not even in play.