[quote=briansd1][quote=Arraya]
Deadbeats are the new Jew of the financial holocaust. As things deteriorate they will be blasted from their “free rent” bunkers by roving hoards of angry piggingtonians — when we have a 35% unemployment rate, 10 of millions living for free and no homes being foreclosed upon with prices still not coming down.[/quote]
There quite a few piggingtonians who don’t want house prices to come down (as they bought already) but don’t want the bailouts either.
It’s a contradiction here. Would you rather pay a small part of bailout, over generations, or would you rather your house lose a big chunk of its value immediately?[/quote]
If you can afford your mortgage (or don’t have one) and don’t need to move, the value of your house is largely irrelevant other than as some figure in a mental account.
