thoughtomator
Banned
- Joined
- Jan 5, 2012
- Messages
- 11,267
then what are mortgages? or what is the new AIDS?
Depends on the nature of the mortgage. If it's the kind they can walk away from (non-recourse), it's not a fatal flaw. If it's the kind that sticks them with the difference for the loss of property value, it's pretty bad - but still not as bad as student loans, as you can BK out mortgage debt and clean the slate.
Student debt is forever - it's indentured servitude.