...and the most ammunition.Wifezilla said:The person with the biggest gun?
It would seem to be a matter of degree. If it is only the economy that collapses, then even if your bank fails, someone will attain ownership of the mortgage. It could be just another bank, an investor group, or it could be the Federal Government. The mortgage just doesn't go away under that circumstance. If the economy collapses, I would think that there would be civil unrest and a lot of bad things happening, but that things would tend to gravitate back to some order, and the economy would eventually start to function again with a new currency.pioneergirl said:I agree.....but my question is this:
If you owe on your house, and the entire economy collapses, and I mean collapses, who owns the house? You? or a bank/economy/government that doesn't exist?
My guess would be that thinking about such things takes them out of their "comfort zone". Sorta like the five stages of dealing with a crisis.Wifezilla said:Oh my!!
I really have a hard time understanding the hostility...