[quote=FlyerInHi][quote=flu]
Pretend the equity doesn’t exist, and make your financial plan accordingly.[/quote]

Pretty good advice.

If you sell, you’ll likely buy something just as expensive or more expensive.

Unless you move to a cheaper region, then selling is not very useful. Sell to rent is not a good idea because you bought “cheap” so renting now won’t save you any money.[/quote]

You don’t need to move to a cheaper region to benefit from a cheaper market. I know someone who sold in 2005 knowing prices were BS (anyone with half a brain did) and rented until 2009 and then bought again.