Re: Update on youwalkaway.com

Posted by Paul on September 29, 2008 at 06:41:47:

In Reply to: Re: Update on youwalkaway.com posted by jim on September 29, 2008 at 01:02:08:

The focus of the discussion was the morality of walking away even though you have the funds to pay.
It wasn't about those in foreclosure having a life event.

Steele suggested it is your obligation to pay if you have the funds. I say it isn't. It's a choice one makes. It appears some in the San Diego area where the median home is $540,000 are chosing to walk away. I don't have a problem with that. Why pay $4500 on a loan and a depreciating asset when you can now rent for $3,000?

Today Wachovia was taken over by Wells Fargo. Another example of how corporate GREED has cost all us big time.

Wachovia only recently purchased Golden West/World Savings the creator of the "Pick a Pay" loans. Those owners sold at the peak of the market! Because they knew what was coming down the road massive (foreclosures, (Parker Brothers MONOPOLY BIG TIME). They played the game well! They cashed out!

Casino's are filled with nothing but money games.
If you don't think Wall Street isn't one large CASINO and everything that has happened wasn't a game to the REAL players. You're in denial.

Not unlike ENRON, when they ran a scam on California.

Brokers were recorded laughing as energy prices went up. They were making money, they loved it!

Recently oil prices hit $147 a barrel. Gas prices soared over $4.00 a gallon. Yet recently oil has dropped under $100 a barrel yet gas prices have dropped only marginally. You don't think the "players" are playing the oil market game???

The feds recently "STOPPED" short selling! The short sellers push stock prices down in an effort to make a buck! It certainly is a MONEY game, that unfortunately many consumers have no clue about, nor how to play to play, nor the fact that they are being played.

Purchase Robert. K.'s (Rich Dad, Poor Dad author)Cash Flow game.

Your comments are appreciated!






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