[LearsFool]

The "it doesn't matter" argument is just as stupid as hearing someone holding a worthless stock certificate in a bankrupt company say "It's just a paper loss"

That analogy would fit if these houses in question were becoming worthless and the homeowners becoming homeless as a result. But they aren't.

A better analogy would be someone who holds stock in a solid company, but the going price has dropped. You're only hurt if you're a SPECULATOR. Otherwise your investment in the company is still doing what it's supposed to. (Might be a good time to BUY instead of complaining about being unable to SELL.)

[Neidermeyer]

You buy , I’ll watch and laugh ... this isn’t over ,, not by a long shot.