[NathanR]

The problem is, they can't afford the large house anymore. They went to the exurbs (not suburbs) to get a much larger house at the price of a longer commute. They were able to afford the house because they were offered a teaser rate, and expected the house to gain in value. Surprise! The house value went down and the rate went up, and gas went up as well. Thus, they can't afford their new home.

[driftless2]

"gain in value"

That might be true for a certain percentage, but what are the numbers? How many, percentage-wise, have been forced to move out of their large houses? And even if they have to set their sights a little lower and move closer to the big city or live in smaller residences, are they really suffering? That is my objection to many of these stories. They make it sound like life has become intolerable for most Americans. I sincerely doubt it.