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      07-16-2012, 08:16 PM   #61
There is No Substitute
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Drives: Audi A6, 997 GT3 RS, E90 335i
Join Date: Apr 2010
Location: Laguna Beach, CA

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Originally Posted by momentum View Post
well in today situtation, if you lost your job or anything- you lose your house too.... now knowing that, its best if you only had a very little $$ in the house, you can walk away and not lose much...

a business man would hold as much cash as he can for a rainy day.
Yes, people can walk away from the house, and from their debt obligation, so that the rest of the U.S tax payers can pay for their idiotic decision to buy a home they couldn't really afford once FHA needs a bailout.

America. Yeah!
'13 Audi A6
'07 Porsche GT3 RS
'08 BMW E90 335i