Hi CEW-
You didn't quite get that right; Santorum’s house did decline in value (25% according to the article); however, Santorum did misrepresent his situation by claiming that his mortgage is “underwater.”
It appears Santorum was able to obtain a series of financial arrangements not usually available to those of us on “Main Street.” After his home declined in value, he was able to refinance his “underwater” mortgage at 4% so that now he does not owe more than the house is worth and he is in absolutely no danger of losing his home.
Now nothing about all of this is illegal; and I don't fault Rick for getting the best “deal” that was available to him; however, I still believe he frequently misrepresents himself to the voters as being “one of us.” He isn't; he's a well to do, D.C. insider who has used his power and influence for personal gain whenever it suited him.
At least Newt has apologized and tried to make amends for his sins; Rick still seems to be too enchanted w/his own illusion to submit to that level of introspection and remorse.
Nope, I didn’t get it quite right, but both of you correctly get the gist of my point.
Multi-tasking you know.....