Amazing, isn’t it? Heck, we have lost equity in our house (we moved to FL during the boom, not quite the top but certainly on the way up). However, unless we hit a point where for some reason we cannot pay (I don’t expect that to happen, but I suppose something unforseen could happen) we will continue to pay our mortgage payments. We seem to be the sort of idiots other people rely on to take up the slack.
Ahhh, The Forgotten Man or maybe we are Obsolete Man. So what happens to the system if everybody (and I mean everybody) decided on Friday I stop paying?