[quote=jpinpb]That’s what I keep thinking. The only reason our economy hasn’t completely collapsed is those people who are strategically not paying their mortgage are using the money for other things. Your biggest expense is housing and cars. If you don’t have to pay for housing, that’s a lot of discretionary spending. But I’m sure there are people in a bad way and not paying a mortgage could mean they have no money so nothing is going towards spending to help the economy.[/quote]
Totally agree with this. It’s the stimulus with no name: people not having to pay housing expenses are now free to spend everywhere else. In the meantime, the taxpayers prop up the banking system.
