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Here’s an Idea: Just Stop Paying Your Mortgage

09 Oct

I was reading some posts on the current state of our financial system, and I came across a comment:

I have an idea, how we can take our country back…

If EVERYONE STOPPED paying their mortgage payments, could they really reposes that many homes!

Wow.  I didn’t even think this was an option unless you just can’t pay the bill.  Then I thought about it…1 in 6 homes are “underwater.”  1 in 6!  If a pretty significant group of people fed up with government helping some but not others and people tired of living within their means, trying to play by the rules, just said, “screw this!”  What would happen?  I did find this request to keep paying.  For now, I think that’s the best idea.  But what if?

 
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  1. Caleb Nelson

    October 13, 2008 at 11:10 am

    The power is always in the many! I’m sure if you could even get a good number of people to do something like that, it would have a huge impact. On second thought, I suppose that’s happening anyway, without any promotion.

    Caleb
    http://www.mefinanciallyfree.blogspot.com

     
  2. The Financial Ladder

    November 1, 2008 at 4:17 am

    This is the first time I’ve visted your blog in the past several months. I’m sorry to see how far you’ve come away from your original reasons for creating this blog. Your biased political rhetoric is dissapointing…