you don't own your home if it's not paid in full for....live below your means....get a home because it's an "investment"...HORRIBLE ADVICE...the only one that is worth applying is not getting into more debt than you can afford (for some of us, debt makes us money)
[cont'd]: “family, kids and friends,” dumped its Washington headquarters in a short sale. After working out a deal with its lender, the MBA sold the building for $41.3 million last year. In 2007, the group purchased it for $79 million .
“No, it’s not wrong,” said Randy Cohen, author of the weekly Ethicist column in The New York Times. "Though homeowners are emotionally attached to their home, a house is still an investment. Why should homeowners be held to a higher ethical standard?”
[cont'd]: Real estate giant Tishman Speyer Properties strategically defaulted on $4.4 billion in loans on two housing developments in New York after the properties lost $2.2 billion in value. The company had billions of dollars in assets, including Rockefeller Center and the Chrysler Building, which it could have leveraged to meet its loan obligations.
Even the Mortgage Bankers Association, whose president chastised homeowners who strategically default for the “message” it would send to their
In the business world, strategic default is a common tactic – considered a savvy move for financially troubled companies. However, “consumers have been browbeaten and trained to believe that it’s not honorable to not pay your debts,” said Margery Golant, a Boca Raton attorney, “Why should it be any different for consumers?”
In 2010, Morgan Stanley walked away from a $1.5 billion mortgage on five buildings in San Francisco despite record-breaking profits in 2009.
you don't own your home if it's not paid in full for....live below your means....get a home because it's an "investment"...HORRIBLE ADVICE...the only one that is worth applying is not getting into more debt than you can afford (for some of us, debt makes us money)
shadowromeo22 4 months ago
[cont'd]: “family, kids and friends,” dumped its Washington headquarters in a short sale. After working out a deal with its lender, the MBA sold the building for $41.3 million last year. In 2007, the group purchased it for $79 million .
“No, it’s not wrong,” said Randy Cohen, author of the weekly Ethicist column in The New York Times. "Though homeowners are emotionally attached to their home, a house is still an investment. Why should homeowners be held to a higher ethical standard?”
igspal 7 months ago
[cont'd]: Real estate giant Tishman Speyer Properties strategically defaulted on $4.4 billion in loans on two housing developments in New York after the properties lost $2.2 billion in value. The company had billions of dollars in assets, including Rockefeller Center and the Chrysler Building, which it could have leveraged to meet its loan obligations.
Even the Mortgage Bankers Association, whose president chastised homeowners who strategically default for the “message” it would send to their
igspal 7 months ago
In the business world, strategic default is a common tactic – considered a savvy move for financially troubled companies. However, “consumers have been browbeaten and trained to believe that it’s not honorable to not pay your debts,” said Margery Golant, a Boca Raton attorney, “Why should it be any different for consumers?”
In 2010, Morgan Stanley walked away from a $1.5 billion mortgage on five buildings in San Francisco despite record-breaking profits in 2009.
igspal 7 months ago
Susie has not and is not recommending the purchase of silver. Ouch!
Beesnchickens 7 months ago
She's been right though on a lot of things.
SkreetGil 9 months ago
thank you Suze
futur82 9 months ago
She Is Absolutely Right, My Student Loan Is Killing Me!! College Education Is Sooooooooooooo Over Rated For Some Fields!!
ReverendDoGood 9 months ago
Why this woman acts like she has a crystal ball stashed in her closet?
brrtown 9 months ago
@brrtown Please argue with facts, not figurative speech.
blognewb 9 months ago
@brrtown Lol.
ReverendDoGood 9 months ago
@brrtown It's called common sense. the folks with the crystal ball got a government bailout.
cyoohoos 9 months ago