My point was...and only was...that the same deadbeats that aren’t paying their bills are the same people who voted for Obama.
Well, the issue not many people are discussing is just how many of these bad mortgages are from non-owner-occupied homes. People wanting to “flip” a house and make a ton of cash, that type of thing. I don’t know what percentage of defaults are “dead beats” simply refusing to pay their bills, I think a larger percentage is people who got adjustable rate mortgages whose rates have sky-rocketed and thus they simply cannot afford to pay their bills. Or they are unemployed.
Without hard data I wouldn’t make assumptions. Neither should you or anybody else.