Posts from 'Commercial Lending' tagged with: 'consequences'
I posted some afterthoughts on my post yesterday. Head over to Peter Pays Paul to check it out.
Yesterday I posted about the SF Chronicle article that argued in favor of gaming the system to get lower payments on your mortgage.
I realized as I was at home and with friends that from the title of the post, it may have seemed that I was advocating not paying your mortgage.
This was not my intention at all.
I've written before about the government's unintended consequences.
Today we read:
As we mentioned yesterday, a bit of a fight has broken out over whether it is irresponsible for journalists and others to advise homeowners about the options that the government's bailout programs are opening up to them. But the fact is for a lot of homeowners it makes perfect sense to stop payments on mortgages...and it may even pay to stop any overtime work or have one of the earners in your household quit.
You Might Want To Think About Stopping Your Mortgage Payments and Reducing Your Income.
(HT:Tom Vanderwall)
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