[TopoGigio]

Govt. help would be good for everyone, including yourself. What happens when half a dozen people let their house go back to the bank in your neighborhood? The value of your house and everyone else's drops....big time. The govt. should work with Fannie mae and freddie mack, FHA, and loosen the guidelines so people can switch their arms to fixed.

[GeorgefromGeorgia]

I am just not sure how that would be implemented without throwing bucks at the problem. Would it take more $$$$ to Fannie Mae?

[BureaucratusMaximus]

The value of your house and everyone else's drops....big time.

meh.

Values will drop yes...to more reasonable levels. In the long run...that's good for everyone.

Property values (at least in my area) have reached ridiculous levels since 2000-2001.