Talk about a lack of morals...

[Jwrussell]

I can't begin to explain how much this pisses me off. And understand that this instance is just the most publicized instance I've seen. This isn't restricted to people like rich athletes, there are everyday normal people doing this crap every day. And it is you and I that are paying for it.

Link

LOS ANGELES - Jose Canseco, the former AL MVP who made millions during his baseball career, has had his home foreclosed.
Canseco told the syndicated TV show "Inside Edition" that he walked away from his $2.5 million, 7,300-square foot home in suburban Encino because it didn't make sense to continue making payments.
"I do have a judgment on my home and it to me is very strange because it didn't make financial sense for me to keep paying a mortgage on a home that was basically owned by someone else," he said in an interview that aired Thursday.
"You know my life, this financial thing, is a very complicated issue. Obviously, when you make all that money, people think, `OK, let's assume it is $35 million.' People have to understand that $35 million, you're paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you're taking care of your whole family."

Let me pull out a f*cking violin you asshole. I've never seen a better grouping of moronic statements in my life. "Keep paying a mortgage on a home that was basically owned by someone else"???? How the f*ck do you think mortgages work you complete f*cking moron?!

Again, this isn't just people like Canseco doing this shit either. I have relatives (ashamed to admit it) that are pulling this crap as well. They can afford the payments on their homes. They have the cash. But they are walking away. And not one of them stops to think about the effect they are having on the economy and every other honest, working person out there struggling to make ends meet. F*ck everyone else, f*ck the fact that the housing market is cylcical and that at some point prices will rise again, and F*CK morals and ethics...who needs 'em?

:argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh:

 

[djustice]

Man this type of shit pisses me off! This falls along the same lines of someone coming in for mortgage assistance or for help to pay a utility bill and their kid is in the waiting room listening to his/her ipod playing a PSP. Makes me want to just bitch slap the parents!

 

[RigilKent]

yes indeed

 

[AZsteelman]

Jackoffs like this should be shot on sight...this type of crap is what has helped put this country in the shape it's in now...people who think they are owed everything....and idiots like him, wow...hey, let's all quit making the payments. It's not like we own the house...what a tool....

 

[TexaSmoke]

I agree, this ticks me off too. Personally I think you should have to claim bankrupcy if you walk away from your house payments. Then all your assets are used to pay off your debts. My thought = You signed a contract now you need to hold up your end of the deal, they did their part by loaning you the money.

 

[Jwrussell]

Yep. Not to mention that this is going to put even more of a burden on those who can't just walk away from their homes. It's the honest people, who really are stuck and CAN'T make payments that are going to end up paying for this kind of asshole-ery.

 

[Cadderpidder]

`OK, let's assume it is $35 million.' People have to understand that $35 million, you're paying the government 41 percent. That leaves you with about $17 or $18 million, not even. Then you're taking care of your whole family."

Boo-friggin-hoo. If you can't take care of your family with $17 M then you've got some serious problems.

When me and my wife were first starting out, we were living with mortgage, car payment and bills and supporting a child on less than $35,000 a year combined income. If Canseco learned he had to support his family on that amount he'd have a stroke.

 

[WhiteLightning]

Some people are just:ahole:'s. They do need to get their priorities straightened out.

 

[Asher]

Yeah, that pisses me off. My wife is on a jewelry discussion forum, and one of the women there (who regularly buys diamond jewelry) was nonchalantly discussing how she and her husband were going to default on their mortgage. Her reasoning was that the house had lost value, and though they'd recently made a $100k profit on a different land sale, selling the house at a loss would mean that they'd only break even overall. Since the woman's name wasn't on the mortgage, she thinks they can just walk away and later buy another home on her credit.

I have no problem with someone defaulting when they have no other option. If you lose a job or rack up huge medical bills, sometimes there's no choice. But I have nothing but contempt for the people who CAN pay their mortgage but instead stick the rest of us with their bills.

 

[tedski]

Not surprised this is from Canseco. Money can't buy you class or intelligence.

 

[Jetexas]

Canseco it's called RESPONSIBILITY, INTEGRITY, ACCOUNTABILITY you piece of shit! He has none!

 

[weskimad]

When your accountant lists MC Hammer and Jose Canseca as references, it's time to move on.

 

[Saully]

I haven't yet spoken to anyone who "walked away," but some neighbors of a friend did the "borrow to the hilt, then walk away and get a house in the wife's name only." Glad to see there are others here with a sense of responsibility. Our house is now worth $100K less than we paid for it 3 years ago but SO WHAT. We bought it for the long term. Obviously some people have crises, illness, job loss that would lead them to lose their homes but that is excusable.

 

[indyrob]

I think Wesley Snipes just got busted for tax evasion because of the same irresponsible thought process.

 

[ocpeddler]

I am a special finance manager for a successful used car dealership in the mountain time zone area. I work with people with damaged credit. You would not believe how some of these people will come in and almost demand that I should put them into the Escalade instead of the older Taurus because that's what they want. They just filed for a BK and just got their house repoed, never paid a bill and I have the only bank in the US that will take a risk on them but they want what they want and get made at me if I ask them for a down payment.
Many people now a days don't want to take responsibility for their actions because the government has made it too easy to walk away from them. Just look at all the smoking bans. If you don't want to inhale second hand smoke, DON'T GO TO THOSE BARS AND EATING ESTABLISHMENTS THAT ALLOW IT!

Sorry, I sometimes rant.....

 

[Jwrussell]

Welcome to the board ocpeddler.

 

[jwintosh]

I can't begin to explain how much this pisses me off. And understand that this instance is just the most publicized instance I've seen. This isn't restricted to people like rich athletes, there are everyday normal people doing this crap every day. And it is you and I that are paying for it.

Link



Let me pull out a f*cking violin you asshole. I've never seen a better grouping of moronic statements in my life. "Keep paying a mortgage on a home that was basically owned by someone else"???? How the f*ck do you think mortgages work you complete f*cking moron?!

Again, this isn't just people like Canseco doing this shit either. I have relatives (ashamed to admit it) that are pulling this crap as well. They can afford the payments on their homes. They have the cash. But they are walking away. And not one of them stops to think about the effect they are having on the economy and every other honest, working person out there struggling to make ends meet. F*ck everyone else, f*ck the fact that the housing market is cylcical and that at some point prices will rise again, and F*CK morals and ethics...who needs 'em?

:argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh: :argh:

don't sugarcoat it,,, tell us how you really feel!! eace:

 

[cvm4]

Most people don't understand how the market works longterm and don't act rationally in the short term.

 

[Greg]

I'm going to refrain from ranting, well at least a little, because I was always taught to back up your credit purchases with cash...these people truly make me sick.

 

[MichiganM]

What can be said, that hasn't already....it's a wonder this world turns and keeps going day to day with all the idiots this place is filled with.