Post: #1

Wow, a D.C. couple lived in a mansion for five years.

Keith Ritter went from being on probation for bankruptcy fraud and making minimum wage ... and never make a mortgage payment.

We Don't Believe in Living for Free

Post: #2

thats happening all over the country. this is part of what happens when you let government become too involved in things. you here all this talk about how bad it is to have people lose their homes, but if they can't make the payment you shouldnt be in the house. go rent an apartment. you're not entitled to 4000 sq feet and 4 bathrooms unless you can pay for it. its also what happens when you let the banks lie - the banks are hesitant to foreclose in many situations because by not foreclosing they can continue the myth that the loan hasn't gone bad. foreclosing, and recognizing it as bad, hurts the bank. you have a colossal effort prop up the housing market when in reality it was an unsustainable bubble that will end up back where it started after the govt pisses away billions or trillions of dollars trying to stop the inevitable.

Post: #3

(03-03-2012 06:23 PM)Brian Wrote:  thats happening all over the country. this is part of what happens when you let government become too involved in things. you here all this talk about how bad it is to have people lose their homes, but if they can't make the payment you shouldnt be in the house. go rent an apartment. you're not entitled to 4000 sq feet and 4 bathrooms unless you can pay for it. its also what happens when you let the banks lie - the banks are hesitant to foreclose in many situations because by not foreclosing they can continue the myth that the loan hasn't gone bad. foreclosing, and recognizing it as bad, hurts the bank. you have a colossal effort prop up the housing market when in reality it was an unsustainable bubble that will end up back where it started after the govt pisses away billions or trillions of dollars trying to stop the inevitable.

+1

Post: #4

I would nominate the man in this story for the Alpha hall of fame. It takes ball of stainless steel to not make a payment for five years in a million dollar home and still keep the banks at bay.

Post: #5

I understand....both sides of the issue....sad to see..but until we change as a country/culture about "peacocking" mofo's will continue to do this dumb shit...when I lived in DC during at that time it was crazy...literally ppl selling homes they lived in for a year and pocketing 50g to 100g or more....dc/nova/md housing was crazy for like a good decade...but watching these two stick it to the man...always delightful...

Post: #6

Whose a bigger idiot, the person who borrows money they can't repay or the one that lends it to them?