The guy losing his job is not exactly a “choice” now is it?
He made the choice to buy the house, didn’t he? He could have rented.
It is a choice to stay in the house and draw down savings to make mortgage payments on an illusory inflated value
Other Americans might make a different choice, such as take a short sale, convert shortfall into a new smaller loan on which to make much smaller payments, and get into affordable housing rather than bleed out all savings
Notice no govt programs are required for choice #2 which is entirely honorable
The guy losing his job is not exactly a “choice” now is it?
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Continuing to pay for a house is his choice...he could let it go...take his loss and allow the house to be bought by someone else...
choices, aren’t always fun and rewarding...