I do agree with you on that point about those who have been victims of bad timing. What is starting to twist my brain around though is the numbers. That is, I believe that initially the numbers of the “true tough luck cases” those who just had bad luck through unemployment or injury, were relatively small. Now I am not so sure… I think there is now a potentially larger number who are indeed screwed by unemployment.
There was a pretty good quote by Dennis Miller the other night on Leno… “I don’t mind providing help for the helpless but I am against helping the clueless”.
I keep in touch with a family who asked me to list and sell a short sale for them. While they are now crammed in a much smaller home, the rent they pay is about half of the previous mortgage. The husbands health problems have 100% cleared up, and they are much happier.
