[quote=23109VC]
I just spent a few more minutes reading all the posts here. I must say I am suprised at how hostile you all are towards me.
[/quote]
23109VC, the reason many readers here are unhappy with people who bought near the peak with little money down (less than 50%, let’s say) and are now walking or getting bailed out is that
a) the other readers are getting the bill for the loss in the home’s value, (I am assuming the readers are mostly responsible taxpayers), and
b) if home prices had continued to go up, the homeowners would have got to keep the gain in price.
Tails, you win; heads, I lose. Do you see the unfairness issue?
