Morality aside, there are other factors deterring 'strategic defaults,' whether in recourse or nonrecourse states. These include the economic and emotional costs of giving up one's home and moving, the perceived social stigma of defaulting, and a serious hit to a borrower's credit rating.
-Richard Thaler
Select a background
![Awesome background image](/backgrounds/default/11.png)
![Awesome background image](/backgrounds/default/10.png)
![Awesome background image](/backgrounds/default/7.png)
![Awesome background image](/backgrounds/default/15.png)
![Awesome background image](/backgrounds/default/1.png)
![Awesome background image](/backgrounds/default/12.png)
![Awesome background image](/backgrounds/default/5.png)
![Awesome background image](/backgrounds/default/13.png)
![Awesome background image](/backgrounds/default/24.png)
![Awesome background image](/backgrounds/default/2.png)
![Awesome background image](/backgrounds/default/8.png)
![Awesome background image](/backgrounds/default/19.png)
![Awesome background image](/backgrounds/default/1-400.png)
![Awesome background image](/backgrounds/default/6.png)
![Awesome background image](/backgrounds/default/9.png)
![Awesome background image](/backgrounds/default/16.png)
![Awesome background image](/backgrounds/default/22.png)
![Awesome background image](/backgrounds/default/4.png)
![Awesome background image](/backgrounds/default/1-275.png)
![Awesome background image](/backgrounds/default/23.png)
![Awesome background image](/backgrounds/default/17.png)
![Awesome background image](/backgrounds/default/1-375.png)
![Awesome background image](/backgrounds/default/4.jpg)
![Awesome background image](/backgrounds/default/21.png)
![Awesome background image](/backgrounds/default/14.png)
![Awesome background image](/backgrounds/default/3.png)
![Awesome background image](/backgrounds/default/25.png)
![Awesome background image](/backgrounds/default/20.png)
![Awesome background image](/backgrounds/default/18.png)
More quotes by Richard Thaler
Popular Authors
A curated listing of popular authors.