[quote=SD Realtor]
What about the guy that bought the 900k home and really could only afford the equivalent payment of a 600k home. Maybe he got a 5/1 option arm in 05 or 04. Why wouldn’t his loan be reworked into that new 600k payment? [/quote]
Thank you for your insights and taking the time to post them.
Maybe bailouts for “rich” homeowners are even less politically palatable than for the general public.
