During the "Accidental Homeowner" era, I'm sure that most of us came across people who had to buy a home because they did not have sufficient funds to cover the deposit and first month's rent required if they didn't buy. Many of those folks became accidental homeowners, and many of them cried foul when the bank expected them to actually make monthly payments.
As always, there are people who have unexpected tragedies that require their exit from home ownership. With the price collapse, the threshold for reaching the tragedy category has broadened considerably. In periods of price appreciation, many were able to get out with a loss, but they still ended up with a little walkin' around money when the left the closing table. Then as now, they still lost their homes, but not all of them were involved in foreclosures or short sales.
Today there is a legion of people, led by certain philosophical (perhaps political?) forces, who subscribe to the TEE BEE philosophy. They believe that we need more services provided for us, and they should be paid for by Taxing Everyone Else. They have made mistakes in planning and providing for themselves, and they believe that they should Blame Everyone Else for their misfortunes.
I do see the benefits that could be personally derived from following this philosophy, and I'm considering embracing it as my own. There seems to be no risk and all reward.