[dbehsman]

From the speech:

"The government is promoting bad behavior... do we really want to subsidize the losers' mortgages... This is America! How many of you people want to pay for your neighbor's mortgage? President Obama are you listening? How about we all stop paying our mortgage! It's a moral hazard"

Once regular people start asking the magic question "What if we all stop paying our mortgages?", the housing world is in deep you know what.

We're in for a bumpy ride.

[dalereed]

Everyone that doesn’t live up to the terms of their mortgage should be thrown out in the street!