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Tag Archives: strategic default
Strategic default is moral imperative to prevent future housing bubbles
Underwater loan owners with payments exceeding rent have a moral imperitive to strategically default to provide deterence for banks to inflate future housing bubbles. Continue reading
Posted in Fresh Perspectives
Tagged strategic default, Strategic Defaults, Strategic Foreclosure
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One in Eight Nevada Homes Empty
Nevada has a great many empty homes, and after my experiences flipping occupied properties, I will be happily focused on the empty ones. Continue reading
Posted in Foreclosures, Foreclosures and Short Sales, Fresh Perspectives, Home Economics, Investing
Tagged Flipping, Foreclosures, investing, Las Vegas, Nevada, REOs, strategic default
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Jon Stewart on The Mortgage Bankers’ Association’s Ironic Strategic Default
Oh, the hypocrisy!
The Mortgage Bankers’ Association strategically defaulted on their Washington DC office building and rented another space just 5 blocks away. Continue reading
Australia Learns Nothing From US Housing Bust
In the US banks loosened lending standards and kept right on doing it until the whole mad scheme blew up. Australian banks are now making the same mistake.
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Posted in Fresh Perspectives, Home Economics
Tagged Australia, Foreclosures, Home Prices, Housing Bubble, strategic default, Subprime Loans
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Biggest defaulters on mortgages are the rich
The New York Times reports that the housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves. Wealthier Americans are stopping to pay … Continue reading