Comments on: Counterparties

By: RobSterling

RobSterling — Sat, 19 Dec 2009 03:00:15 +0000

Re: the NJ highway mortality rates, it’s probably migrant workers and other illegals. They don’t have cars and walk along the sides of highways at night. The poor bastards get nailed all the time.

By: Developer

Developer — Fri, 18 Dec 2009 19:48:49 +0000

Youtube link lifted right from my comment :)

By: TinyTim1

TinyTim1 — Fri, 18 Dec 2009 17:22:16 +0000

“Stupidity tax” he said it!
Unfortunately we have recourse here in the UK.
Otherwise I would have walked away a LONG time ago.
At the same time, I would have done far more BTL spec buying with tiny/no deposit if there were no recourse.
Rebuilding a credit history is child’s play, but no-money-down housing bubbles come along only once every two decades or so.
Perhaps the US is worse off for volatility in house prices purely owing to non-recourse states.
Right now though – PLAY BY THE RULES AND WALK AWAY.