Comments on: No, It’s Not Immoral To Walk Away From Your Mortgage (And It Might Be Financially Smart) http://blog.macroaxis.com/2010/01/24/no-its-not-immoral-to-walk-away-from-your-mortgage-and-it-might-be-financially-smart/ Macroaxis Blog Tue, 01 Nov 2011 00:54:22 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Veritas Sasquatch http://blog.macroaxis.com/2010/01/24/no-its-not-immoral-to-walk-away-from-your-mortgage-and-it-might-be-financially-smart/#comment-18721 Veritas Sasquatch Sun, 24 Jan 2010 14:31:21 +0000 http://www.businessinsider.com/henry-blodget-no-its-not-immoral-to-walk-away-from-your-mortgage-and-it-might-be-financially-smart-2010-1#comment-18721 I find this sort of rationalization appaling. People buy cars everyday that are worth less than they paid (or owe) for them. Why isn't everyone just walking away from those too? Oh, because they aren't "non-recourse" loans.  People are responsible for their actions, and buying a house and financing it through a mortgage is one of those decisions. I find this sort of rationalization appaling.

People buy cars everyday that are worth less than they paid (or owe) for them.

Why isn’t everyone just walking away from those too? Oh, because they aren’t “non-recourse” loans. 

People are responsible for their actions, and buying a house and financing it through a mortgage is one of those decisions.

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