CAN YOU AFFORD 80 McNUGGETS?

After re-reading it, his post in this thread actually wasn't that bad. It would have been more appropriate in the DRose thread.

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Well, here's the loophole for you to take advantage of the system. Use your excellent credit rating to purchase a bigger, better house than the one you're in for a cheaper price. Then default on the Wells Fargo note, stay in the better new house, and work on repairing your credit rating. Winner! Capitalism at its best!

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

if you can get a loan for the house without the bank knowing you already own a home... good luck with that... they will put your current house up for sale along with your scam house.

that said, if anyone is underwater and doesnt see the light, dont worry about foreclosure. its not the end of your life. part of the reason youre underwater is because the bank gave you a sharky loan- they worked the system to get more out of you, so stay in the house until they kick you out. fuck them. i wish i would have done that!!!

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the world will always the world. your entire existence is defined by your response.

I didn't realize there was some banking restriction on owning more than one home. Alert the 1%!

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Handshake. With regards to the Rose thread, I went a little overboard.
But I will most likely continue to irritate you!

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CSFMB 2014 Nascar Pick 'em Champion

We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much. — Ronald Reagan

Because it's a wise business decision. Plenty of businesses during the financial crisis had defaulted on loans to force renegotiated terms or because it made financial sense to stop making payments. Again, this issue comes down to pros vs. joes. On one hand, a business flushing away money paying unfavorable terms is a disservice to shareholders but joes need to stick to some imaginary moral code. Fuck that.

Most of these CSFMB 1 percenters love loopholes for the rich but despise them for the regular guy.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Jorr, wrong. Most of us hate crony capitalism as much as excessive handouts. There's a lot of love for Ron Paul on these boards, and he railed against crony capitalism.

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Hawaii (fuck) You

Kirkwood, I had a business law class in grad school. The adjunct told us something that stuck with me. He said there is nothing immoral about breaking a contract. In fact he said it should always be done when the costs to comply with a contract exceed the costs of breaking it.


I dont agree with that completely, but it is one way of thinking. I prefer to honor my obligations for my own moral reasons.

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Hawaii (fuck) You

There are a lot of people in the market for new homes now who stopped paying their mortgage around 2009, went through foreclosure and mattressed their house payment. Now they have good enough credit to get a loan, the available house inventory is still high enough (outside of the North Side) to be a buyer's market and they have a nice chunk for a down payment. Hell, in three years you might be looking at short sales and foreclosures

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I don't remember half the time if I'm hiding or I'm lost

I don't think it's moral to subject oneself to rules by which other refuse to play.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

I don't understand what you mean. Breaking a contract would be the opposite of that. You would be refusing to play by the rules that the other is playing by.

I'm all for people doing what they can to help themselves but let's not pretend that morality comes with it.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

No such thing as absolute morality, right?

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Hawaii (fuck) You

A lease is a nice way around it. The home you buy would have to cost more in order for it to be your primary residence too. If not you would have to put down a lot more money.

I'm not in the 1% even though I would like to be

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Be well

GO BEARS!!!

I have known a few folks who have purposely defaulted on their mortgage for the purpose of renegotiating with their lender. Sadly, in some instances this is the only way to refinance or get different terms on your loan. Your credit score is punched in the taint for a bit, but it rebounds much faster than you would suspect.

Surely you don't mean that as a blanket statement to be applied to any and all situations.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

Actually isn't that precisely what morality is?

He also has a lot in common with ES and he stole over $3M (I used to know the exact figure) from our government.

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Be well

GO BEARS!!!

It may not be immoral to end the contract, but then, hold up your end and move out of the house. Don't be a squatter. If you don't want to pay anymore, "man up" and leave.

(Not you denisdman, I mean in general. )

I understand how you feel. I felt that way abut every agreement I made and would sometimes go out of my way to honor it. I've found that you can really fuck yourself in the long run. I like for my word to mean something but I like my health and my kids even more.

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Be well

GO BEARS!!!

I suppose in certain circumstances. But certainly not in the context that we are discussing, wherein the rules are being laid out by a society's most powerful members. If there is no stigma for the wealthy and powerful, why should there be a stigma for the regular guy? Why is it a moral issue at all? Because making it a "moral issue" protects the interests of the powerful who have no use for the same morals when they do not suit their purposes.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Why is it so important to you that he leave before the law says he has to? Do you apply the same standard to the wealthy when they are using loopholes and taking advantage of the system?

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Scottish philosopher David Hume's general position on morality is summarized in the statement that “ought cannot be derived from is”; that is, moral assessments (“ought”) cannot be rationally deduced from statements of mere fact (“is”).

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I don't remember half the time if I'm hiding or I'm lost

I was being sarcastic.

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Hawaii (fuck) You

Ah, so naive. As was I 5 years ago.

I stuck with my mortgage because I felt the same way. I took on the debt so I had to repay it.

Then I literally wasted 5 years of my life. Couldnt go out, no buying anything... just giving all of my money to a bank that was ALSO going through bankruptcy! You think they gave a shit when they broke MY contract that said my mortgage would never be sold? FUCK NO they just closed up shop and lined their pockets with what they had left.

Believe me, no single human being gives a fuck about your financial morals. It took me quite some time to learn that. Now that I do, I fully believe it's best to just do whatever will be cheaper for you in the long run. It's what corporations do, and our LAW says that corporations are people too so where is the morality in it? They don't give a fuck either way, and you shouldn't either. The bank took a knowing risk when they gave you the money, and they were 100% OK with just getting the house in the end if you stop paying them. There is nothing immoral about it. In fact in my case I paid 9 years of INTEREST only, and then they got the property in good shape. They made out like bandits.

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the world will always the world. your entire existence is defined by your response.

I don't know why we're all operating under the assumption there's no stigma attached to wealthy people who cheat. I haven't seen where people said they're cool with it, but I might be missing it. The moral issue is, don't cheat even if others are cheating. I think it was B-Rick earlier who said, you can understand someone doing what they have to do to get by, but that doesn't make it moral.




Because why should he live in a bigger, better house than I do, and do it for free, while I pay for mine? How does that make sense? Your point seems to be that, since CEO's cheat, it's ok for the little guy to cheat, and the guy in the middle who doesn't cheat has to just take it. Or he should stand up to the powerful, who cheat on a larger scale, and just ignore the little guy. I just don't like cheaters in general. And, these people that have defaulted on their mortgages over the past 5 years - that has hurt the middle class a lot. A LOT.

I had to do what???? I lose a fair amount of money every time I work on set, but I enjoy it, so I do it anyway. I don't really care about the money, Life is short and I'm not going to allow money to dictate my decision making. I am not going to look back on my life and wish I had done things I could have done, but passed on, in order to maximize the amount of money I made. Life is about experiences and I try my best to enjoy as many good ones as possible. Nobody on their death bed regrets not having made more money.

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Go Cubs!!!!

The guy in the middle cheats too. Everyone thinks their own shit doesn't stink. But you've got to live with yourself. If you feel like the right thing to do is impose higher standards upon yourself that the rest of society doesn't acknowledge, no one is going to complain about it. Me, I don't compare myself to others. Some have bigger houses. Some have smaller ones. It has nothing to do with me and I don't worry about it.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

I'm not sure what relevance annual income has in this thread or why RPB brought it up, but here is my take; Everyone wants to make as much money as they can & to be able to provide for their family. Some are more motivated to do so than others. Some people, both rich & poor, spend their entire lives striving to make more money, never thinking that they have enough. I feel sorry for these folks.
The measure of a Man isn't how much wealth he has accumulated, but rather what he has done with his life.
...if he had money what did he do with his money?
...did he live responsibly?
...was he a good Husband & Father?
...was he a Man of character & did he treat others with respect & dignity?

Steve is right on the money with his above post.

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CSFMB 2014 Nascar Pick 'em Champion

We don’t have a trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much. — Ronald Reagan