Gone : I am not a fan of banks but I do believe in trying to pay what I owe.
Very many have been stung by the fallout of the incompetence of decision makers in financial and political circles, and will continue to take various hits.
What engages me, having read your two threads, is that you articulate, argue, plan, threaten various alternatives from going incognito to Canada to stripping your house etc but have been unable to in any way address your loan.
What I mean is that with such an active brain you have not found an employer who would have needed someone of your ilk who can think, plan, execute a project , and pay you for your competencies.
Your line of work died with the crash, I gather, but it is apparent that you are capable of diversifying. Have you tried ? Or are you engaging in self indulgent argument here?
Posters here give wonderful advice and guidance .
I have nothing against banks, I have nothing against anyone involved in my demise tbh, everybody was just doing their jobs, it's the system and my financial naivete that's at fault.
I too believe in paying my debts and have never used credit to purchase anything other than the house but a time comes when you look at your debts and you realise that you will never pay them unless you achieve the same sort of income you were getting at the time of drawdown and that's when the pressure starts building and you start getting all sorts of psychosomatic illnesses and guess what, there's no valve to release it.
I look at my friends who have spent their last resources reskilling, some of them even managed to get decent work but none will ever earn even half of what they were in construction, the problems they have with their mortgages now they will still have in 10 years time when they hit the ceilings in their industries.
I tried diversifying yeah, within a year I had a company formed but got out bid on contracts by established businesses with economies of scale. A year later a similiar story, starting a viable business in this economy with few resources is nigh on impossible, no one wants to take a risk on you.
Eventually I realised that it was highly unlikely that I would ever be able to address my problem and that it would define my life if I let it, after that the decision to flee came naturally.
All of the high horsers (not you in particular) who say they believe in paying their debts? Yeah that's because they have the ability to, put them in my situation and I guarantee you 100% of them do a variation of what I'm doing, if a person goes overboard with a rock tied around their neck then they're gonna do everything they can to get the rock off before they drown (not trying to be too dramatic but you get my drift, I can spend my life here working and will still never come near to paying off my debts unless we have another tiger driven boom and that ain't happening imo).
