(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
Blame Bush and Laugh
Offer to buy it for $125k
Tell him about Dave Ramsey's radio and TV shows
Find new friends who aren't loosers [sic]
Suggest he get a second job on the weekends
Commiserate
Tell him to turn in the keys to the mortgage company and walk away
Suggest he call the lender and demand an adjustment
Suggest he stop dating for the next 10 years
Ask if he is still able to make the payments
keep paying the Mortgage, the market will come back.
Suggest he talk to a bankruptcy attorney
Go out together and get drunk
Offer to lend him $125k without a mortgage
Admire the Darwin effect
Lie and say you don't really have an opinion
Tell him to burn it down and collect the insurance
Try to sell him life insurance
Suggest he rent out the spare bedrooms to illegal aliens
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