patrick.net

Glad we are getting that stupid Moral Hazard thing out of the way of good business decision making. Not only that, I cant wait for the next housing bubble. Since the loan modification process has become standard practice, I plan to purchase 50 large homes with 125% loans. When the next housing bubble bursts I can be certain that the banks can not call the loans or evict me from "my" house and investment properties. That is because I will have hired lawyers (on the bank's dime) to sue them for loan mods. Who knows, I may even get the house free and clear. The next bubble is going to be a blast! :)

#housing