OK I will bite (again these are just my opinions as well).
Most of the carnage in employment has already occurred, and the Lyon’s share was in Construction/manufacturing maybe a few Mortgage and RE sales people that were most likely not very highly trained workers (four year degree etc..)
Where you were far more likely to see sub prime and other such things occur.
So I would assume that sure there are a lot of people underwater but the majority will stick it out or at least attempt a short sale etc…
