“People like the OP, and borrowers in general, will not be bailed out.”
FairEconomist, I have to disagree with you here. When home prices are supported by actions that grant public money or valuable guarantees to borrowers or their lenders, there is a transfer from taxpayers in general to any indebted homeowners who still have some equity, or to any lenders facing losses. Even the reduction in lender losses becomes a future transfer to leveraged homeowners, as future home prices go up in response to cheaper lending spurred by the prospect of future bailouts.
