Agree in theory, but quite often that asset is not sellable as its underwater. End result is a foreclosure and/or bankruptcy. If the underlying behavior is not

Agree in theory, but quite often that asset is not sellable as its underwater. End result is a foreclosure and/or bankruptcy. If the underlying behavior is not changed then people can spiral into further debt that they cant get out of as they already spent their once every seven year BK ticket. If people don't know how to budget you get trapped. But yes I do fully agree, I would much rather be broke with a large income than a low one.