Strong opinions, weakly held

Honor thy mortgage contract

Is it ethical to walk away from an underwater mortgage? The New York Times’ Roger Lowenstein says it is. Stan Collender at Capital Gains and Games says it isn’t.

1 Comment

  1. As long as Wall Streeters (I remember specifically hearing this from Donald Trump, but I’ve heard it from others) refer to bankruptcy of their majority owned corporations as “a strategic move”, I have no problem with mortgage-holders who walk.

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