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What "fact" are you refering to? Anyone can walk away from loans, here as well as there. There are consequences in both jurisdictions. I was making a point that your post seemed to state that borrowers in the states will have trouble in years to come with bad credit ratings. Not so...

So you agree that they can walk away from there loans with relative ease. The fact that they show minimal foward thinking in regards to there credit rating does not stop jingle mail being a popular USA passtime over the last few years.

I love it when this kind of comment pops up. 50% Australia wide You can buy a nice 4x2x2 in my area under( growing regional coastal) 5 years old for just under $300,000. To build today would cost around $180,000 for the house alone minimum. So unless they start given land away with every...