[quote=thegobblin]
What I’m wondering is how to get them (the banks) to see that these tables are turned, probably permanently – and how to rescue our current housing so that people keep the homes they’re in without unjustly rewarding the irresponsible nor punishing the responsible.
[/quote]

That’s easy. Let events unfold without intervention.

Those that are to able to afford the cost of ownership stay, those that can’t go. Those that can’t probably shouldn’t have bought to begin with.

High home prices doesn’t benefit anyone but, the guy heading for the exit.

If I were to buy even at today’s “affordable” prices, none of my income would go back into the community. I would make my payments and not do much else. That isn’t a very health life for me or the community I live in.