Want the payoff, take the risk YOURSELF is what I say.
I didn't sign their mortgage.
As for me, I bought an affordable house based on one income and put over 50% down. Why should I help these DINK idiots when their t!t gets caught in the wringer?
We shouldn't.
What infuriates me, after all that has happened, is to hear politicians and talking heads on TV still whining about "falling house prices" as if falling Bubble prices were a bad thing.
The Bubble prices on houses SHOULD be falling back to the level where the average buyer for the average house can afford a down payment PLUS payment of interest PLUS payment of principal from Day One without going bankrupt.
Anything else does not qualify such a person as a "home buyer". It only qualifies him as the renter of a rent subsidized house that has been bought at a ridiculously inflated price, first by a fleeced Mortgage Backed Securities investor and then by the U.S. taxpayer.