Don’t get me wrong, neither do I. I am debt-free and have sufficient savings to pay my mortgage for 6 months in the event of job loss or catastrophe. These folks who are defaulting and walking away will NEVER be able to 1) pay off their defaulted mortgage or 2) borrow money for ANYTHING.
In 10 - 15 years, we’re going to hear stories about folks who failed to hold up to their contracts (mortgages) and now they can’t get cars or even student loans because of their lack of judgment.