And saying you have positive net worth because your house's market value is higher than your unpaid mortgage, which is several multiples of your yearly income, is what people call "a highly leveraged position". If people criticize hedge funds for putting the market's stability at risk because they are highly leveraged and have large positions (see LTCM), why is the current remortgage-fuelled spending binge a good thing?

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper