That only works if you have a job. If you own money and can not pay the bank you can maybe delay 6 months the bank taking it. I you own your house out right it will take the city or town probably 2 years to take it.
Yes good points. But there are already empty foreclosed homes that just sit. But then property, (the right to smoke a cigarette in your home and flatulance)- taxes will soon have someone homeless. Will the country get to the point when county, state, fed taxes are not collected? I doubt it.
Obama cares for us remember... he wants us all on unemployment and welfare so it will all be ok.