Btw, temeculaguy is right (at least for the moment).
Everyone I know that has gone through a short sale, foreclosure or bankruptcy regrets that they bought. Many are jealous of my happy renting, cash and good credit. Nobody feels like they were “bailed out” and all will face severe hardship down the road. Made all the worse, of course, by the illusion of wealth they once possessed.
The only ones that are being bailed out are few wall street types with too many toxic assets on their books. More and more it looks that this has to be done to free up the credit markets.
