You just don’t get it do you?
Those that are “trapped” are those who are continuing to pay their mortgages but cannot sell or refinance or move because of the “value” of their house as compared to their loan balance.
The taxpayers have ALREADY bailed out all the scum...they got all the bennies offered up in the past few years to refinance if they were covered by FM or Freddie Mac...the rest are stuck.
two wrongs make a right. got it
I “get it” entirely. I saw the huge run-up, the “irrational exuberance”, in housing for what it was: a bubble.