re: What's your opinion of people who are underwater on their mortgages?

I'm sitting on $550,000 in equity right and my house is only 8 years old so I can't say that the concept of savings or investing through home ownership is flawed.

You are basically loaning $$ to yourself.

You might as well have argued in 2008 that the concept of investing in a technology company is flawed.

In short, you don't let the events of one 5 year period alter the reality of 100 years of sound investing strategy.

Like most anything else, timing and price is everything.