Originally Posted by
AceNZ
I don't have any problem with enforcing contracts that were voluntarily entered into by two fully informed parties. Contracts are one of the cornerstones of Liberty.
The problem is that many of today's mortgages don't fit that criteria. The mortgages were fraudulently represented to buyers, who the lenders (and/or their broker representatives) knew in advance couldn't afford them. Evicting someone in a case like that would feel to me like working for a loan shark.
OTOH, if the bank was/is honest (yes, there are a few of them left), then it's another story. The thing is, though, that the honest banks actually have relatively few evictions....