It seems to me that many people are in different circumstances. Believe it or not there are people who bought before the peak with nothing down refinanced,payed off their credit cards, and are now walking away. Some people will say they stuck it to the bank,kinda like Robin Hood, others will say they were shrewd with their money by using other people’s money with little risk. People that sold at the peak and are now renting are in a similarily nice place. I do feel soory for those that put 20% down,refinanced to fix the place up, and now must walk away/(get foreclosed) because of a job loss that ultimately they are not responsible for. Many piggs here have yet to buy. I bought a year ago and am putting sweat equity into our house,rather have a pro do the work but such is life.
