re: Re It's "immoral" to strategically default on one's mortgage

As I said earlier in this thread, I see both sides. But, this is not a complex concept, and yall are getting too detailed in your analysis.

At a basic human simple level, the right thing to do when you borrow money (no matter how much), is to pay it back in full. I think many of you are diving too deep into the contracs, complexities, collateral discussion, and details. Which is fine, but that's not what the OP asked you to do.

Moral vs Immoral is not a complex question, and does not need a complex analysis IMO.

Borrow money....Pay it Back. Period. If you don't do that, you've "gotten away with one" regardless of if you did it legally or not. If you don't pay back in full (regardless if the collateral covers the debt or not), then you have harmed someone else. That aint right. I don't care what the contract calls for, hurting someone else financially isn't right.

There are two different discussions going on:
1) Contractually-speaking, is it ok to walk away from your mortgage? The answer here is yes.

2) Ethically-speaking, is it ok to walk away from your mortgage? The answer here is no.