[M-cubed]

the single most important factor is whether the homeowner has negative equity in a house — that is, the balance of the mortgage is greater than the value of the house. <

Get me a Harvard professor...surly they cant be right..........DUH!

[ColdSteelTalon]

If your equity is less than you own on your house you should walk away and let the bank take it back. The system needs to be crashed so that it can recover.

Obama is pumping more printed money into the economy trying to re-inflate the bubble. It wont work in the long term... Whoever is elected in 2012 will have to deal with the Obama crash whose seeds are being sown right now.