Hacker Timesnew | past | comments | ask | show | jobs | submitlogin

This is an interesting article that explores the ethics and morality of walking away from a mortgage.

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1597835

Frankly, I'm torn about whether or not I would do the same in a similar situation. I hope I never find out.



I read that just now. I agree with them. I think conscience is what stymies people sometimes because society has beaten into them a certain behavior. It took a painful year for me to go through foreclosure...but after reading that...I have a clearer understanding of what the contract aspect means. I am not saying everyone should foreclose just weigh the options from a more pragmatic view.




Consider applying for YC's Summer 2026 batch! Applications are open till May 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: