So we’re all told that people defaulting on their mortgages is a bad thing.

But what if you viewed it from a different perspective? The economy is a mess. Consumers aren’t spending enough. People are struggling to make mortgage payments on homes under water. They stop making mortgage payments and default. They free up money to spend on other items. Ipso facto, you have an artificial stimulus program.

We’re not saying it’s the right thing. It’s not. Sooner or later, those facing foreclosure will get booted from their homes — and they’ll have to pay for lodging, somewhere, somehow, and then their “stimulus” days will be over. We also won’t get into the ethical and moral arguments against people breaking their contractual promises.

But, when you think about it, there has to be some sort of “stimulus” surge when deadbeats stop making payments to banks and start spending freed-up money elsewhere. Just pointing it out.

File under: Crazy ideas for crazy times

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


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John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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