I think you're going to see this everywhere. Many of these homeowners saw the value of their home go from $100k to $500k. Do we honestly expect them to support

I think you're going to see this everywhere. Many of these homeowners saw the value of their home go from $100k to $500k. Do we honestly expect them to support a plan which will drop the value back to $150k? You're asking the homeowners to give up literally hundreds of thousands of dollars in equity to help people they don't know. I agree that it needs to happen, but it shouldn't surprise anyone that there is a significant push back against it. This is especially true for those who bought their house at the upper end of the market, and now aren't just losing equity but actual money that they put into the property.