It sounds like you can afford the situation so you’re not upset because it won’t negatively impact your life. That puts you in the minority of homeowners.

The issue is for people who purchased their homes around the peak of housing prices. If those prices drop rapidly it puts their mortgage underwater. An underwater mortgage is a crisis that can result in the foreclosure of your home and a large debt you can’t afford to pay. Having millions of homeowners suddenly end up with underwater mortgages is a financial and political crisis for the entire country.