September 17, 2010
The group most out of step on walking away from mortgages
Pew released a very interesting poll Wednesday that provides a revealing look at American values and a particular demographic group that is out of step with the rest. The topic could hardly be more relevant to the economic crisis that has caused so much suffering: attitudes toward walking away from mortgages - in other words shirking the obligation to pay back the lender for funds received.
Overall, a solid (but far from unanimous) majority of Americans disapproves of stiff-arming the contractual obligation voluntarily entered into. For most of us, a mortgage is the largest single financial transaction of our lives. Pew reports:
A majority of Americans say it is "unacceptable" for homeowners to stop making their mortgage payments and abandon their homes, according to a Pew Research Center survey. But more than a third (36%) say the practice of "walking away" from a home mortgage is acceptable, at least under certain circumstances.Nearly six-in-ten (59%) believe it is wrong for homeowners to deliberately stop paying their mortgages and surrender their homes to the mortgage lender, according to the survey of 2,967 adults conducted May 11-31.But two-in-ten (19%) say it's acceptable and an additional 17% volunteer that it depends on the circumstances.

But for me the most fascinating aspect of the study is that, with one single exception, most demographic segments of the population share roughly the same opinion distribution.
While some demographic groups are more likely than others to say it's okay to walk away -- among them, Hispanics, adults younger than age 65 and those living in the West -- these differences are mostly modest.For example, nearly a quarter (24%) of all Hispanics say it's acceptable to abandon a mortgage, compared with 17% of whites and 21% of blacks. However, roughly similar majorities of Hispanics (58%), blacks (56%) and whites (61%) say it's wrong to do so.
So which group is most out of step on shirking life's largest financial commitment? You guessed it -- Democrats.
There are sharp differences by partisanship. Democrats are about twice as likely as Republicans to say it is acceptable to walk away (23% vs. 11%)

Hat tip: Blondie
FOLLOW US ON
Recent Articles
- A Multi-Point Attack on the National Debt
- Nearing the Final Battle Against the Deep State
- Now’s the Time to Buy a Nuke (Nuclear Power Plant, That Is)
- The Fall and Fall of the Associated Press
- Bill Gates and the AI Delusion
- New York Greenlights Quarantine Camps
- Reality Check for Democrats
- A MAGA Siege of the Democrats’ Deep State
- Why Incel and 4B Culture Matter
- Defending Donald Trump: A Response to Jeffrey Goldberg and The Atlantic on the Signal Leak
Blog Posts
- We must reclaim Islam from Islamism
- Texas under siege: the stealth Islamic takeover we can’t ignore
- The UFO mystery
- NYT: Dems in ‘denial’ about ‘comprehensive defeat’
- Stupiditywatch: Columbia's pro-Hamas protestors tear up their own diplomas for the cameras
- U.K. to institute two-tier system of justice?
- We remember those who served in Vietnam
- A curiosity about the DC District Court’s judges
- The 9th Circuit prepares to be reversed again
- Tim Walz really is a knucklehead
- A Ph.D. in ‘Molecular and Cell Biology’ shows the difference between credentials and knowledge
- Nasty Venezuelan migrant who flashed taxpayer dollars and urged squatting, gets thrown out
- Watch white leftist women’s brains breaking—and repairing—in real-time
- The last, best hope ...
- In Pennsylvania, are Democrats stealing votes again?