I was listening to talk radio the other day as I was traveling to my home state of Indiana.
A caller said something like the following, “We bought this house. We owe more on it than it is worth. We are just going to give it back to the bank.”
I see this exact thought process happening across the nation, and it frustrates me greatly.
The core of the problem as I see it is this:
Something has happened to us – somebody is going to have to pay – it is NOT going to be us.
Isn’t our word worth anything to us anymore? If I purchased a house that has dropped in value substantially, it does not change the fact that I gave the bank MY WORD that I would repay the money I borrowed! MY WORD is not a flippant statement that I can reverse when it becomes inconvenient to me. MY WORD is far more important to me than a few thousand bucks.
Other situations I see this happening rampantly … business contracts and marriage vows.
In the Word it states “Simply let your ‘Yes’ be ‘Yes,’ and your ‘No,’ ‘No'”.