I have no sympathy for these people. For example the woman who bought the $500k house. She has a $2800 payment starting out on her mortgage and they say she makes $60,000. The equates to $2800/month after taxes (no factoring in interest right off). She couldn’t afford it to begin with. Then on top of that what does she have parked in the driveway? A big shiny new SUV. She deserves to lose her house and end up in a one bedroom apartment. I have no sympathy, it’s people like this that have made the market very tough for us reasonable people.