That has to be good for the economy? All these people walking away from 2-4 grand mortgages are no longer house poor. So it seems higher forclosures and dropping property values is actually good not bad. I never understood the inflate housing prices beyond normality and then telling people to borrow from the home to spend. Think about it Joe Sixpack leaves his 4 Grand a month inflated mortgage and rents a house like his down the street for 1.5 Grand a month. Its a no brainer.