> 500,000 people are in a similar position to me. Do not despair; watch for hints of a coming bailout. Bankrupting half a million voters has to look like pois

> 500,000 people are in a similar position to me. Do not despair; watch for hints of a coming bailout. Bankrupting half a million voters has to look like poison to elected officials. One more economically rational option in future, for example, would be imposing a principal "haircut" on lenders, down to some assessment of the by that time reduced market prices of comparable homes.