And yet we’re supposed to think that the “strategic defaulters” are scum-of-the-earth who take advantage of the poor little banks...
They are scum. They bought something, promised to pay and skipped out because they wanted something else. Sorry, that is scum behavior and decent people won't have anything to do with them.
Can I be honest?
The one couple we know that lost their home, and *all* their equity, we're two of the hardest working people we knew, that purchased a home 50 miles from work, because it was "AFFORDABLE".
Don't believe some of these people that try to convince everyone that millions losing their homes are all, deadbeats.
It's bullsh*t.