(Poll created )
Submitted by editor
Your friend has a condo that he paid $400k for, owes $300k on the mortgage and it is worth $175k - and asks your advice.
What do you do?
Choose
up to 5
answers
Go out together and get drunk
Tell him about Dave Ramsey's radio and TV shows
Find new friends who aren't loosers [sic]
Suggest he rent out the spare bedrooms to illegal aliens
Commiserate
Tell him to burn it down and collect the insurance
Suggest he stop dating for the next 10 years
Offer to lend him $125k without a mortgage
Suggest he talk to a bankruptcy attorney
Admire the Darwin effect
Tell him to turn in the keys to the mortgage company and walk away
keep paying the Mortgage, the market will come back.
Offer to buy it for $125k
Try to sell him life insurance
Lie and say you don't really have an opinion
Suggest he call the lender and demand an adjustment
Ask if he is still able to make the payments
Blame Bush and Laugh
Suggest he get a second job on the weekends
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