bigduke6 wrote: Confuzius wrote:
flike wrote:Black, white, and shades of grey: I get that. Sure lots of things are grey in life, BUT NOT THIS THING.
its actually kinda clamshell with a mix of burgandy
victimless-not a single person will lose a single cent if you were to calculate the impact the OP's default will have on interest rates...get real
still love starin atyall on them high horses...mighty fine view, too bad your bassackwards
You are missing the point. If enough people say "I am not paying off my loans so I can live in a better house" there will be a knock on effect.
It is simple economics 101. As the loans are seen as becoming riskier, the interest rates will increase to offset the risk. Hence those down the line will get shafted.
This is indisputable.
No, I do understand that. If a million people do etc etc, then its a huge problem.
But those are big numbers and we are not talking about millions of people here-we are talking about ONE person.
You cannot claim if this ONE person (the OP) defaults that it will have the impact of even a single cent on a single person in the entire country's interest rates. (well, you could claim it, but your posts are always intelligent, whether I agree with them or not, so I doubt you would).
I get the notion, I get that "in principle" yadda yadda yadda. But in ACTUALITY...its a victimless crime.