As I stated in the OP, I think that Underwater Homeowners should go for it, ie. walk. This is one way to counter the ridiculous housing bailout plan that is out there.

The government should not be trying to set a floor for the housing market, Prices need to drop further, especially in places like downtown SD where I live.

Interest rates should not be so low either.

These moves are just prolonging this recession.

As I predicted on 2/13/2009, the Obama Administration did not figure out how to solve the housing crisis.

To the Underwater Homeowners out there that replied to the original post – sorry to not reply and support you, because I do. I was away from this board for a few days…