people who couldn't afford them? do they mean these folks?
http://www.usatoday.com/money/economy/housing/2010-05-10-milliondollarhomes10_ST_N.htm
Why is all the conservative vitriol reserved for the poor and middle class, when these millionaires are equally or more guilty of the same thing?
My home value also decreased, but I still make my mortgage every month. The "value" of the home is inconsequential. Either they can make the mortgage payment, or they cannot. Or perhaps they should not have taken that second and third mortgage for vacations and the vintage car collection.
http://www.usatoday.com/money/economy/housing/2010-05-10-milliondollarhomes10_ST_N.htm
Why is all the conservative vitriol reserved for the poor and middle class, when these millionaires are equally or more guilty of the same thing?
My home value also decreased, but I still make my mortgage every month. The "value" of the home is inconsequential. Either they can make the mortgage payment, or they cannot. Or perhaps they should not have taken that second and third mortgage for vacations and the vintage car collection.