Salo, like others, I think you’re being smart. As for getting labeled a vulture, well, be Tibetan. 🙂

Someone, that’s me, you and others on this board and elsewhere, are going to have to clean up the wreckage of the overextended buyers.

I like the other suggestion of offering half. Sadly, that sounds about right, now. Many have their asking price skewed. You need to take 20-30% off, just to get to current reality, and adding another 20-30% off, is about what it’ll take to be able to buy, make minor fixes like paint, and hold it for 90 days to get it sold and pay commissions to make it worth doing ($30K or so) or worth riding out without a upside down situation.