Alright, quit it with the moral argument already. A person's primary responsibility is to take care of their family's basic needs. Too many families are struggling to keep their children fed and to keep their healthcare costs paid. The deadbeats with no ethics left this market a long time ago. Those investor speculators that started dumping their depreciating asset at the first sign of the market downturn are long gone. Unfortunately, because of them, property values began their downward spiral. Moreover, because the banks did not take responisibility for their actions and did not act quickly to get the distressed properties turned over to responsible owners through quick foreclosures or quick short sale approvals, neighborhoods and communities deteriorated quickly. Those homeowners that continue to pay for their mortgages despite the depreciation of the property are stretched thinner and thinner. Because of the distressed properties and the banks' continued slow response to the crisis, the homeowners that are paying have to pay more. The costs for maintenance, association fees, community district development grants and property taxes continue to escalate because there are less people paying these shared expenses. This all in an environment of deteriorating services and neighborhoods in disrepair. Not only are many people living on lower incomes due to the bad economy, their costs are increasing and their property values continue to plummet. This is pushing many to the breaking point and adding to the defaults. Those of you still on the moral responsibility bandwagon will be affected by the same market forces eventually as there is no stop to the spiral. The next wave of foreclosures and distressed properties is going to be higher than what we've seen so far. The next ones to default want a responsible option but there is none in sight.