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One reason is that if they owe $300,000 on a house that is worth $180,000 they can walk away and then go and buy one for $250,000, owe less money and have a better house. Why should the banks be the only ones coming out ahead.
Really? It is exactly this that lends credence to my lack of shame being the reason, i.e, lack of honor. So much for a man's word eh?
Blowing gravel off rural roads
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