Everyday another article about how foreclosures and slumping house prices are bad for the economy. Why? Cheaper house prices means people who buy a home will be less house poor and have more discretionary spending money. This is good for the economy it seems. People walking away from 3000 a month mcmansions and giving the bank the keys means that person now is no longer house poor and has more money to spend on goods and services. Thats good for the economy. All this money going to service a mortgage is just a money sink it seems. So why the doom and gloom?