According to Zillow the average homeowner is $75K underwater:

According to the first quarter Zillow Negative Equity Report, 31.4 percent of U.S. homeowners with a mortgage are underwater (see figure 1). This is nearly flat on a quarterly basis, up only 0.3 percent, but down 1 percent since the first quarter of 2011. On average, U.S. homeowners owe $75,644 more than what their house is worth, or 44.5 percent more (see table 1). Almost 5 percent of homeowners with a mortgage in the nation owe more than twice what their house is worth (see figure 2). While a third of homeowners with mortgages is underwater, 90 percent of underwater homeowners are current on their mortgage and continue to make payments.

So based on this info, do you think hedge fund managers will short housing or mortgage lenders or bet on hyper inflation to help mitigate the suffering?