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Bank of America Corporation Message Board

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  • investment_wanker investment_wanker Jun 28, 2008 10:39 AM Flag

    Shut up and give me numbers

    I LOVE how americans think.
    Heaven forbid you have the CASH to buy a house, right? SOME folks DO, hard as that may be for most of you to comprehend.
    I am saying this:
    If you owe $400K mortgage and your house is worth $100K,
    WALK AWAY FROM THE MORTGAGE, and buy the house next door for $100K cash.
    Or, if you do not have the cash then buy the 2nd house with a new mortgage FIRST, then default on the original one.

 
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