Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||Stop Paying Your Mortgage Today; entered at 2008-10-30 00:30:18|
Registered: 2007-11-09 the Valley
California is non-recourse. This Ticker needs to go balistic there.|
Home-paid for. No debt. Self employed. Self-sufficient. However, right now the cat's got my tongue, but when we hit the 12% marker of people who will in fact abort their mortgage payment, then I think it may be time to seriously look at seeing if there's 12% of the population that would get the states to retract the rights of these banks--and revoke their corporate license.
It seems that the federal level of government is the main player in concentrating the power grab along with the bankers. Seems that the States are really taking a hit.