What you're suggesting has been featured on the Radio 4 podcast documentaries the last

couple of months.

The yanks are compounding the issue with services like this:

User Posted Link

People who can afford their mortgages are foreclosing to avoid negative equity.

When I was in the States the last couple of weeks the TV and billboard adverts were full of foreclosure sales - entire companies have started up doing just that.

Posted By: Steve in Holland, Sep 2, 13:24:55