Zitat des Tages über Kreditnehmer / Borrower:
Of all created comforts, God is the lender; you are the borrower, not the owner.
Debt is a mistake between lender and borrower, and both should suffer.
The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains.
Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.
Unlike other loans, a reverse mortgage doesn't have to be repaid until the borrower moves out of the home or passes away.
Any informed borrower is simply less vulnerable to fraud and abuse.
I did teach elementary school for quite a while, and so I didn't have to reach too far back for the titles and authors that populate the early chapters 'of The Borrower.'
Neither a borrower nor a lender be.
Total borrowing has imploded. Private borrowing has collapsed. And, in effect, the Treasury Department is the last borrower left standing.
Good nature is the cheapest commodity in the world, and love is the only thing that will pay ten percent, to borrower and lender both.
The real problem is deflation. That is the opposite of inflation but equally serious to the borrower.