Economics & Inequality Retirement Security Education Health Care Homeland Security Election Reform Media & Politics International Affairs TCF Project Sites: Donate to TCF Join our Listserv  Taking Note Home About TCF News Room Join our Listserv A Safety Net for Bubble Buyers: Rescuing Homeowners from Collapsing Home Values     Email    Printer-Friendly Bernard Wasow, The Century Foundation, 10/29/2008 View The Agenda Series archive. View Press Release. Download the Agenda (PDF). No matter how you cut it, a great many families will lose their homes in the next few years. Caught up in the housing bubble, and often tricked by lenders, they paid too much for their homes. It does not make sense for them to stick to their mortgage commitments, to pay bubble prices for their housing for the next thirty years. David Leonhardt in the New York Times quotes a fi gure of 19 million households that are likely to have mortgage debt in excess of the value of their homes by 2010.1 ! is brief proposes a relatively simple role for the government in addressing these problems. Continue Reading the Agenda (PDF). Edition: online    Copyright 2008 The Century Foundation. Privacy Policy NY Office: 41 East 70th Street—New York, New York—10021—Phone:212-535-4441—212-879-9197 DC Office: 1333 H Street, NW—10th Floor— Washington, D.C. 20005— Phone: 202-387-0400— Fax: 202-483-9430