Last night I was asked a question that made me think. The question was this: What do you think is unpatriotic? Well after some debate, I went with the obvious: instant coffee. But really, in all seriousness, I think that Mr. Limbaugh's comments about hoping that President Obama fails is about the most unpatriotic thing you can do. Seriously. You would hope for the country to remain in a disastrous down spiral so that you can win Rush? Go take some oxy cotton and shut up.
Along the lines of American ideals is our ability to find ways to fight back and cheat the system. I heard the most astounding concept yesterday. Here the back story.
Here in Phoenix, we have had a very badly hit real estate market. In good centrally located neighborhoods (Chandler, Tempe, Scottsdale, etc) it hasn't been as bad, but in new developments that cropped up on the outskirts of town during the big boom three years ago for example Maricopa, Arizona, things are very very bleak.
As an example, a friend's house in Maricopa which was purchased for $225,000 two years ago, is now estimated to be worth $95,000. Ridiculous. Really what is a house owner to do? They can foreclose on said house to save their butt or keep paying on a house that may never recover to what they bought it for. My friend is choosing to foreclose, take 7 years of bad credit and move on with his life. These aren't bad financially irresponsible people, just people who are in an untenuable situation.
Then last night, I learned of the inguenity of the American people in this brilliant way of sticking it back to the man. A couple who had purchased a house in Maricopa found the perfect solution to this situation. The couple who are still very much happily married are going to go get a divorce. The mortgage is fully in the husband's name and as such will become his property in the divorce. He will then stop all payments and foreclose on the house killing his credit. His then ex-wife whose credit score will remained untouched will then purchase the same house from the foreclosure bank for a much much lower price than it was at previously. She buys the house, they get remarried and voila, they are back in business. As amazing as this story is, I think it could actually work in the right situation.
Is this amazing, idiotic, or ethically wrong? I am interested in hearing people's opinions. I for one think that while definitely ethically questionable, is one of the reasons that we as a public will make it in the end. Essentially, we are fighters and will take a lot to be taken down. What think u?