Thank you SD Realtor!!
Can you imagine if we walked away from everything in our lives that go down in value? I wonder if the original poster ever purchased a new car on payments…a car loses 30% of its value when you drive it off the lot yet most of us continue to pay on it for years. Your house is your home. Common sense says you shouldn’t buy a house if your intension is to sell in a year or two. There are millions of people who purchased homes at the last peak of the market and saw prices drop dramatically–lots bailed and wish they hadn’t; others stuck it out and are happy today that they did. Stop reading the newspapers and just enjoy your home. If you purchased with a P&I loan, you will be very very happy in the long run.