Ask Altucher

Categories

business
general

Archives

2015
October
September
August
July
June
May
April
March
February
January

2014
December
November
October
September
August
July
June
May
April
March

November 2017
S M T W T F S
     
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30

Syndication

Today’s question is going to be a controversial one. 

Our listener is under water on his mortgage and wants to know if he should stop paying it.

James says, absolutely.

When you took out a mortgage you signed a contract. If you can’t pay it than stop and give them back the house.

 

They are costs to this but you should weigh them against going broke. This isn’t an ethical issue, it’s a contract.

Listen today to learn the difference

Direct download: AA20Ep20259.mp3
Category:business -- posted at: 10:04am EST