Mortgage Crisis Affecting Responsible Borrowers

The speakers in this video discuss how the mortgage crisis has rippled down to affect responsible borrowers who took out loans that they could afford.  However, they are suffering as well from this housing crisis.  Foreclosures and firesales by homeowners have lowered comparable home sales for those who are actually looking to sell their house on the open market.  Additionally, due to the high levels of vacancies and homeowners walking away, tax revenues have decreased.  This affects the communities which are suffering with a reduced municipal budget for fireman, policeman and other public concerns.