I feel the same way, pnilesh. (Actually, I probably feel more strongly than you that anyone stupid or greedy enough to have gotten into an upside-down mortgage should get no break, and be made to live on milk and peanut butter on wonderbread until the debt and all interest, per the original loan terms, is paid off in full.) But you and I know that the voters who got rich, or hoped to get rich, off ridiculous increases in home prices, just don’t want to deal symmetrically with the consequences of home price decreases. And they are a majority, so they will get most of what they want. For people like us, this is what’s called a learning opportunity.
