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A comment on Rich more likely to walk away from mortgage. Parent comment

Re:Rich more likely to walk away from mortgage by dgabriel on Friday July 09, 2010 @11:34AM (#1500963)
This is an interesting article that explores the ethics and morality of walking away from a mortgage.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1597835

Frankly, I'm torn about whether or not I would do the same in a similar situation. I hope I never find out.

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Re:Rich more likely to walk away from mortgage by sigzero on Friday July 09, 2010 @12:44PM (#1501218)
I read that just now. I agree with them. I think conscience is what stymies people sometimes because society has beaten into them a certain behavior. It took a painful year for me to go through foreclosure...but after reading that...I have a clearer understanding of what the contract aspect means. I am not saying everyone should foreclose just weigh the options from a more pragmatic view.
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