Posted on Thursday, June 04, 2009
My neighbor has not paid his mortgage in over a year. I know this because he;s pretty proud of it and has told me so. What's going on in this country????
PS I heard you on the radio a few weeks ago.
Seth - you've hit the nail on the head in terms of the biggest eithical issue many borrowers are facing (although it does not sound as if your neighbor is losing any sleep). We need to start rewarding positive behavior, like paying your mortgage and eventually owning your home free and clear, not negative behaviour like overleveraging and having big mortgage interest write offs each year!