[Regulator]

Yes, and....some of us in California bought houses we can afford, didn't flip them, stayed in them through the storm...and we're still here.

All those refi's to the lower rates didn't hurt either. The other bozos used the rates to bump up their living standard, but....some of us used it to ensure that we could stay where we were.

Choices, choices....they all have consequences.

[Future Snake Eater]

Yes, and....some of us in California bought houses we can afford, didn't flip them, stayed in them through the storm...and we're still here.

And some people didn't. So what's your point?

[Huck]

All those refi's to the lower rates didn't hurt either. The other bozos used the rates to bump up their living standard, but....some of us used it to ensure that we could stay where we were.

True. My wife and I just now finally did our first refi. We shaved a couple points off our loan, and we'll continue to make the same payment we were making before. The house was appraised something like 80K above what we paid 8 years ago, and we haven't borrowed a dime against that unrealized , theoretical equity. And we love our home!