> In the 2008 mortgage crisis, owners didn't have the option to stay. They defaulted on their mortgages. People were doing ARMs, and interest only loans bettin

> In the 2008 mortgage crisis, owners didn't have the option to stay. They defaulted on their mortgages. People were doing ARMs, and interest only loans betting on appreciation & them being able to refinance or selling for profit When that option dried up there was no path to success Those that bought at a bad time but were able to pay still kept their homes and have recovered now