I remember when I first heard the term "strategic default." It left me scratching my head. People intentionally walk away from their mortgage? They stop paying their mortgage even though they are able to??
I put that thought out of my head. It made me angry that people would choose to disregard that responsibility. They didn't lose their job. They didn't incur unexpectd medical bills. They simply chose to walk away. Surely I wouldn't have to deal with that in my market.
Fast forward a couple of years. I've seen and heard about this behavior time and time again in my market, and it angers me even more.
How can it be okay to stop paying your mortgage when there is no change in your income?
How can it be okay to walk away just because you're upside down on your mortgage?
How can it be okay to brag to others that you are living "for free" in your home until the sheriff shows up on your doorstep?
How can it be okay to just abandon your property?
How can it be okay to flaunt that you are saving up thousands and thousands of dollars for your next house?
What happened to responsibility? What happened to pride? What happened to accountability?
How can this be okay?