I say, let the bottom fall. It's these sub prime mortgages that drove up the prices of homes 100% in the last four years. Everyone just "had" to buy.

If homes go into foreclosure, that means it will become a buyer's market. Great, perfect time to buy some real estate. If my home drops in value, fine, I'll sit on it, for another 26 years, until my mortgage is paid off, and values return to normal.

All those, I'm gonna flip it, make a killing, people., they were all warned. But everyone wanted a taste of the band wagon.

I could of bought a home twice the size in 90210 if I went with a 5 year, interest only. I bought what I could afford, and I don't think my tax dollars should go to the jackasses who were trying to make a quick $100k on a flip.

I also don't think, if someone finances a car, then they are upside down, that the gov't should give them the money, to adjust for the loss in value of the car. Guess what, maybe you should not have bought that Mercedes.. A Volkswagon would have done the job just fine.

My point is, people invested stupidly, why should those of us who weren't trying to make it rich quick, suffer because of it.

B

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"When two people agree on everything, one of them is not necessary" - Arliss