TG: You described my situation perfectly except for one difference: we are not rent neutral.

At best I believe we could rent our house in the 1400-1500 range.

My neighbor rented and the renters have already stopped paying rent.

Isn’t this time truly different though? In previous cycles, was there massive fraud going on – with all of these crazy loans?

Having bought in past cycles, those cycles seemed to be due to normal “natural” economic cycles.