"Real Estate" is *worthless* if no one has the money to afford to rent it back from the "owners" (banks). They call the note on *everyones loan*, they lose. Let them come and confiscate mine and everyone elses house. I'll buy a tent, and there will be no one to live in my worthless little townhouse. They lose. That simple. It does not make *any* banking sense at all for them to do this. The *current* system makes much more sense...let people believe they "own" their home, when in fact, they don't. That way you don't have to maintain it, only gather the "rent". Most people in major metropolitan areas are merely *leasing* the land they live on, and the bank owns the note to the house itself. If they actually make it to the point of paying off the house, they still likely do not own the land it sits on...how ya gonna *move* a townhouse off of the land when it's attached to other units? How you gonna move *any* recently built home effectively, when they're built out of substandard building materials (check to see what your "new" home is built from as compared to a 20/30/40/50/ and 100 year old house. It would be financial suicide for the *banks* to call all these notes...period.