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A comment on Stuck: Why the rent and mortgage-burdened don’t always move to cheaper pastures. Parent comment

Re:Stuck: Why the rent and mortgage-burdened don’t always mo... by girvo on Wednesday April 25, 2018 @07:23PM (#16927345)
I’m curious about the moral qualms bit. I suppose I was raised differently (and in NZ/Australia, too) by my parents, but I read an article recently that was on HN about a man who lost maybe $110,000 servicing an underwater mortgage that was due to the GFC. Where do those “morals” stem from?
[ Parent | on HN ]
Re:Stuck: Why the rent and mortgage-burdened don’t always mo... by scarface74 on Wednesday April 25, 2018 @07:54PM (#16927562)
Some people think it's a moral responsibility to pay back a debt to the bank. The banks had no qualms about taking taxpayers money and paying people millions in bonuses.

The mortgage was a simple contract. If I didn't pay the mortgage they had the right to take the house. They exercised their right.

[ Parent | on HN ]
Re:Stuck: Why the rent and mortgage-burdened don’t always mo... by girvo on Wednesday April 25, 2018 @08:43PM (#16927869)
Exactly. The banks can and will screw you over, and they caused the damned issues in the first place! Morals have no place here, I think.
[ Parent | on HN ]