So it doesn't help the market. Instead the market will "eventually correct itself". Thanks for correcting yourself there.
As for them getting bought, you know what happens in the interim? They get vandalized. They get destroyed. They get overgrown. And suddenly a piece of property that was worth hundreds of thousands of dollars, were there a family living in it, loses value. Suddenly, homes around that piece of derelict property lose value. Suddenly, the bank is no longer receiving any income, and has a piece of property that is losing value.
So again. Who wins?
No. Its one thing to do it in a time of crisis, its another thing to do it as an everyday standard.
Oh, so you do actually draw the line somewhere. How comforting to know.
Except what you fail to realize is that you are asking other people to pay for those bad decisions. The people who live in neighborhoods where other people have foreclosed homes, how is that their fault? Why do you want them to suffer?

I'm figuring that you have to be in your early 20's or even younger to have this kind of an outlook. First of all, I think you need to prove that other property values fall b/c a few homes in a neighborhood are foreclosed on. Second of all, you're again missing the point, someone else's property values are not the reponsibility of the American tax payer. It's really quite a simple concept. Who says that I want anyone to suffer?

Your bleeding heart is showing, not to mention that it's a ridiculous argument. Human suffering that stems from a billion different reasons is a fact of life, it's not up to the taxpayer or society to be responsible for it. It works out much better whenever individuals look after themselves.
Oh, I understand your ideology. Its just asinine. I'm uninterested in your ideology, I'm interested in results.
You are advocating something that hurts everyone. I am advocating something that helps everyone. I really couldn't give a flying **** which suits your conservative right-wing nutjob ideology better.
That's all your misguided opinion, Nik and nothing more. What you're advocating is not helping anyone, that's MY opinion. I really couldn't give a flying **** which suits your progressive left-wing nutjob ideology better. See how that works?