[Tempest]

Screw the deadbeat homeowners. Socialism is only for the rich thieves that don’t participate in class warfare...

[muawiyah]

The deadbeats got foreclosed in early 2007. Later as prices plunged 20% (on average) folks started walking away from mortgages for more than their homes were worth.

Now we have about 5% of homeowners whose homes have continued to plunge in price and despite their having had as high as 50% equity in their homes just 2 years ago, they now find their mortgages are way out of line with their homes' current worth.