31–40 of 60 posts
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No, its that, to a lot of us, this is a new part of the story that we've never heard before.
May I suggest picking up a newspaper from time to time? The Economist (which is actually a magazine that calls itself a newspaper) is pretty good too, although they don't tend to do the human interest type of things as much as real newspapers do. If you haven't noticed foreclosure rates and done some thinking about what that meant in human terms, you were simply not paying attention, to put it very directly. (And may…
Id rather consume news via sites like HN where I get interesting stories all the time and get to chat about it with the community.
I've been following the housing bust. In 2009, I remember reading a resignation later by a guy who made his "F * you money" betting for a housing collapse. He blasted the big banks, ivy leaguers, and old boys network. I bought complex derivatives (SRS, SKF) but lost betting against the market. I read http://calculatedriskblog.com for a while and educated myself about the macro factors in the markets. Through "calcula…
Although I agree with your sentiment, it has been reported that drone pilots flying remote missions from the US exhibit similar problems with post-traumatic stress as those flying in-theater: http://www.msnbc.msn.com/id/26078087/
[1] http://www.amazon.com/Killing-Psychological-Cost-Learning-So...
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That sounds suspiciously like you have 1 year to either get a new loan or live with zero rent which is not that bad of a deal IMO. Because, your underwater on your mortgage it's free rent, otherwise you should be able to either get a new loan or sell within a year.
In my country you're responsible with your full wealth for your debt (and there's no personal bankruptcy law - it applies only to businesses). They'll retain 1/3 of your salary until they fully recover the difference, if there's any left after the foreclosure.
I've been following the housing bust. In 2009, I remember reading a resignation later by a guy who made his "F * you money" betting for a housing collapse. He blasted the big banks, ivy leaguers, and old boys network. I bought complex derivatives (SRS, SKF) but lost betting against the market. I read http://calculatedriskblog.com for a while and educated myself about the macro factors in the markets. Through "calcula…
There's a Hollywood blockbuster waiting to be made out of a story like this (as noted in some of the Reddit comments). Something along the lines of Fight Club (grimy house scenes, top-notch monologue) or Lord of War/Up in the Air (someone doing a toxic job but good at it).