This is the point that I think a lot of people still don’t understand about this whole thing and why even if you can afford to buy right now you are still in jeoporday. This will launch a vicious cycle that feeds on it self. As comps get slaughtered, an incresing number of homeowners that might have otherwise weathered the storm will get dragged into this mess. It will stretch back into earlier layers of homeowners as the comps go down.
