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> If you cause his house to be worth $200,000, as it ought to be, regardless of the method, he's going to default on the loan You are conflating defaulting wit
by acchow 5y ago
> If you cause his house to be worth $200,000, as it ought to be, regardless of the method, he's going to default on the loan
You are conflating defaulting with underwater loans.
- AnthonyMouse 5y agoThat's what people do when they have deeply underwater loans. Who is going to pay a $350,000 loan secured by a $200,000 house when they could just walk away and then go buy a $200,000 house for $200,000?