Thursday, June 03, 2010

Some homeowners stop paying mortgages

NYT: Some homeowners stop paying mortgages - The New York Times
"For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of.

Foreclosure has allowed them to stabilize the family business.
Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend.
Visit the Hard Rock Casino.

“Instead of the house dragging us down, it’s become a life raft,” said Mr. Pemberton, who stopped paying the mortgage on their house here last summer.
“It’s really been a blessing.”"

The new "amerikan" ethic.

No comments: