It is common for people that can afford to pay the mortgage/house keep it even in a down market. IT makes housing crisis a lot longer to weather out because the

It is common for people that can afford to pay the mortgage/house keep it even in a down market. IT makes housing crisis a lot longer to weather out because the vast amount of capital gets locked in an asset that does not yield its prices. The bleeding ends up being slow, a decades wait to see any returns while maybe the stock market soars. I am not very optimistic on homeowners in a downturn, UNLESS the government bails them out.