Thanks for Commenting
I think doing nothing actually punishes taxpaying homeowners that did nothing wrong. If nothing is done we could see home values drop 25%. We will see millions of homeowners go upside down.
This bill helps taxpayers. Why is it so difficult for you to see the big picture?
Fred, rule of thumb is that you're not supposed to buy a house and less you plan on living in it for at least five years. If you bought five years ago, chances are you're not going to be upside down unless you bought a home you couldn't afford on an interest only plan.
Even if you are upside down, it is a paper loss unless you sell. Don't sell until the market picks back up and you're fine. Real Estate is cyclical. It always has been.
Commenting by HaloScan
