g Opinion Article on Sub-sub-su b prime lenders
04-30-2012 09:26 PM
It seems like the author feels people who default made out best. Last year I was talking to someone who left Florida when the housing market corrected. He could afford the place but defaulted because property values were too low. For him, paying the mortgage didn't make sense if there was no chance of making a profit down the road. I was pretty surprised at how nonchalant he was about the whole thing.
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