My next door neighbors whom I adore are desperately trying to avoid foreclosing on their house. They've already moved to another house and are trying to find anyone to rent or buy their house. I remember seeing online how much they paid for it and couldn't understand how anyone would put that much money into a house that, honestly, needed a lot of work.
And they did put a lot of money into getting it presentable. Unfortunately, I can't imagine they're ever going to recover any of that money and will be upside down for a long time.
I would feed and clothe their kids if they needed me to, I adored them that much. It's a sad thing to watch, but I know deep down that they made that choice themselves. I don't even rely on my house remaining at the price I paid for it, but I can't imagine choking off $100,000 of the price to sell it.
I see it with my own eyes, and I feel bad for my neighbors. Heck, if we're going to pass billions upon billions of other people's money to bail out financial institutions, just call it what it is - rank socialism - and give the money to those who are losing their houses. It's not fair to us who only bought and paid for what they could afford (trust me, I would have loved a bigger house with a pool and spare office space), but if we're going to get screwed, at least help out the people at the bottom.