There's ALWAYS been a risk that your house would go down in value, that you would lose your job, that bad things would happen. Just as there's also always been the chance that your house would appreciate in value, and that you would see windfall profits. Why people don't get this is beyond me. We are now in a period where values have declined. I don't get why the banks, and ultimately all other consumers, have to pay for this decline.
People don't "get this" because for the last 20-25 years, the housing market has been steadily increasing in value. We can see several reasons for this: Dual income families became a social norm, and that meant more money available for housing; demand increased. Credit became very easy to obtain, so people could buy much more than past generations could afford. Some people bought into "creative mortgages" that frankly were a bad idea. Housing became -- instead of simply an expense and a place to live -- an investment that grew and made large amounts of money for many people. Too many people were allowed to buy with zero down. Finally, all these things affected our society's perception of "middle class housing", and people began to expect more -- even to think that they deserved more. We as a society seemed to develop the notion that this is life: Investments always pay off, things always go our way, housing is a sure-fire way to grow your money.
Throw in the idea that today's young adults have been raised to think that nothing bad's allowed to happen to them. They weren't allowed NOT to make the team, they weren't allowed to fail a class, they were told that they were always winners (I was talking about this with some of my younger co-workers, and they KNOW that they've been raised this way, and yet they can't NOT think this way -- they KNOW it's hillarious). And now these are many of the people who are in trouble with housing; they're young, they haven't had time to pay down a large part of their mortgage, they don't have significant savings that can pull them out of this crisis, and anyway they're paying back higher student loans than any generation before them. Their parents, who haven't saved enough for retirement, aren't able to help them. They're not prepared for this financial and emotional blow.
Even though people talked about "the housing bubble", people didn't grasp the concept that
what's become the norm for us could change. Well, it changed.
Yea, i can find a full-time job tomorrow. Hard to believe, sorry if you think it is. But there are some regions and careers that are still in need of people to fill job positions, even full-time ones with benefits. What do you think that there is not a full-time job to be found in this whole USA?
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No I don't think there's not a single full time job anywhere,
I also don't think you could go out tomorrow and just get hired that day. I think you might find it a little harder then you think to find a job. I'm glad you don't need to tho, it's good for you and your family and I'm being serious when I say that
The truth is somewhat in between you two:
I don't believe any of us could literally tomorrow find a good, professional job well-suited to our specific needs, a full-time job that we really want, with benefits and room for growth. Not literally tomorrow. Finding that kind of job takes time, then you'd have to wait for the interview, wait again for their decision (of course, you could use the time to arrange day care and make other arrangements that'd now be necessary for your change from stay-at-home to full-time worker), then you'd wait for your first paycheck. Do these jobs exist? Of course! Could you have one tomorrow? No.
On the other hand, most of the people I know -- and I'm talking about adults with good work histories, not the chronically unemployed without good job skills or educations -- aren't
staying unemployed. They aren't necessarily finding jobs right away, and they aren't necessarily finding their dream jobs, BUT they are finding jobs -- even if they're working under the table, waiting tables, or running a cash register at Lowe's. The adults that I know who want to work are working, even if they're under-employed (meaning that they're doing a job that's technically beneath their education or ability level).
So the truth is somewhere in between Fantasy Land and Depression City.
I am contracted to work 2 days a week but most weeks work 4 and my supervisor begs for alot of us to work 5 days.
You already have a job. You could change your hours. That's a far cry from finding and obtaining a brand-new job.
Best of luck in whatever you decide to do. 
) and I could go to work full-time and afford to still make the mortgage payments. 
