Stop paying your mortgage?

[ga_ben]

http://market-ticker.denninger.net/

I've been reading Mr. Denninger for about 3 or 4 weeks now. He is pretty doom and gloom on our economic outlook and no fan of the current Treas. Sec and Fed chairman. I'm not sure what other economists think of him or how credible he is. This is pretty intense. Civil disobedience on a large scale. Makes some sense to me. I mean how else ya gonna revolt over this ridiculous bailout fiasco. My question is how are you gonna buy your house back in a year or two when your credit rating is in the tank and no one will lend to you? What am I missing here? Fascinating and scary proposition at the same time.

I don't think I have the balls or the gumption to live free for a year and not pay my mortgage.

 

[3 Seconds]

I much as I may like to, there is no way I could do that.

I would lose so much money & my credit rating.

 

[rusty]

I might sadly have no choice.
Hasnt come to that yet.
If things dont chance thou,ouch!!

Funny,I hear alot of people say"I dont like either candidate."Might just be the most important vote for president ever!

 

[StevieD]

So how does this work? Not pay mortgage for a year. I am not sure but I think they can throw me out after 3 months.

 

[gardenweasel]

:nooo:

this is the new america...everybody scamming everybody else.....

no wonder this class warfare marxist is gaining traction...

we have a generation of morally bankrupt metrosexuals begging for freebies...

 

[StevieD]

No one, except those crying about paying taxes, are asking for anything for free. I simply asked how it would work because they would foreclose on me after three months. Weasel, people are losing their houses, their life savings, the Government is bailing out the very people who are foreclosing on them. The CEO's are still making 10's of millions, plus all the perks. If you want to go after people looking to get things free look at them. The working man did not create this mess. It was created by the achievers and the producers. And now they are crying looking for hand outs.

 

[Jabberwocky]

.....

 

[hedgehog]

I haven't paid my mortgage for 3.5 years. :mj07: