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

quote:

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That's what makes it difficult to judge the actions of those who elect to default. There are clear cut cases where default is the right thing to do. There are also cases when it is clearly unnecessary. The difficult cases are those with unique circumstances that are only known to person making the decision. How can you judge them when youo do not know their motivation?

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Well, this is your standard not mine. I don't judge anyone operating within the confines of a very specific, negotiated legal agreement as being somehow morally/ethically deficient. Again, I insist on honesty. But I do not insist on self-immolation (to a BANK of all things) as some ethical/moral higher ground.

I'd really like to see someone take a stab at the CD hypothetical.