[Fierce Allegiance]

Hertzberg to continue living in his tract home despite being only marginally employed.

I don't necessarily believe passing new legislation should be done to protect the dumb from themselves. Clearly the guy bought more than he can afford. It's his own fault, nobody elses. If you can't afford a house at these historically low interest rates, you have no business owning one. go rent.

[Southack]

"HERTZBERG bought his house 11 years ago for $129,995...paying the minimum, Hertzberg has increased the size of his loan in a little over a year from $320,000 to $332,616."

"Clearly the guy bought more than he can afford. It's his own fault, nobody elses. If you can't afford a house at these historically low interest rates, you have no business owning one. go rent."

Heck, he didn't "buy" a house so much as he found a way to milk mortgage companies for money that he's never going to repay. He's been skimming $20k per year from them.

They've been paying *him*.