I think the reason for this is that many, if not most Americans, are seeing the value of their primary asset plummet because more and more homes are being foreclosed on. I think in MA, we are relatively well off in this regard. At least in Cambridge, where I live, the prices have actually gone up. Americans on Housing Aid: Unfair but Necessary By 51% to 46%, Americans are more likely to say that government aid to help certain homeowners who cannot pay their mortgages is "unfair" rather than "fair." At the same time, 59% of Americans say such government aid is necessary to stabilize the U.S. housing market. ... Additionally, most see President Obama's proposals as not doing any harm to the housing market -- 60% believe these efforts to reduce home foreclosures will make the housing market a little (54%) or a lot (6%) better, 21% say it will make no difference, and only 15% think it will make things worse. At the same time, Americans are evenly split on whether the home mortgage plan will help stabilize housing prices in their communities -- the essential rationale for government invention -- with 46% saying it will and 48% saying it will not.