Your inhumanity knows no bounds.
ah hell, that's it? i was expecting a raving kerfoon about house price bubbles and bonds and market principles with attendant cutnpastes! i guess i'll just have to agree and say negams are a pretty crappy idea (although certain interest only's make great sense, given the right situation!).
Keep backpedaling SC. Neg amort and interest only home loans are pretty stupid for the average homebuyer.