And why is always the prudent renters whose tax dollars are supporting this. News flash, the prudent renters are a very small group and not the big taxpayers. It’s the rest of us prudent owners who make up the bulk of the taxpayers that are supporting this all. And to echo the others, I have been party to numerous “distress” sales. The ones dragging these out almost without exception have lives that are a complete mess. The strategic defaulters that actually “enjoy” a bit of the rent free life typically want it over as quickly as possible so as to minimize the credit hit.
