That's how cars economics work. Homes are depreciating assets. They need expensive repairs and renovations throughout their life. Modern homes are designed to last a few decades. Why are capital holders entitled to guranteed capital returns when their neighbors sleep in excrement on the streets?

I see your point, so please don't accuse me of missing it. However comparing an underwater loan to living on the streets is absurd. If the house isn't worth the mortgage file bankruptcy and move on with your life. If you're living on the streets the chances of getting another chance are razor thin. We all should take a hard look at our privilege before we compare the pains of bankruptcy to the immediately life threatening hellscape that is homelessness.