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"We could make our payment every month by doing a little bit of overtime," said Jose Tolentino. "But we want to start a family. We could rent for half what we're paying and afford to have kids."

The Tolentinos continue to live in the condo, but they stopped paying their mortgage in August, and it is slated for foreclosure this month.

So, in other words, they bought a house that they could only afford if they didn't have kids and now are using its value to renig on their promise to pay. Also, isn't it "special" that they can afford to make the payment, but have decided not to since last summer, while continuing to live in the house. What honorable folk.

Government created this situation and continues to own it.

CRA created this originally. Now Government regulation of mortgage lenders (difficulty of obtaining a mortgage) is guaranteeing that values will remain suppressed.

Under these circumstances, I don't blame people who want to walk away.