This is what cause all the problems we are having right now is people like the ones in your neighborhood. To many people trying to buy house that they and the lenders know cant afford but still they got the money to buy it and buy it they did. Fuckers fucked it all up for everyone else. Luckily I was able to rent my previous house which was way less then I could afford and the current one we got off of a sheriff sale and already have well over 50k in equity in it even in a shitty market. We plan on staying here for another 5 more yrs, once the market comes back by then, sell both and buy another cash.