23VC why would you bail? You purchased the home after going through the angst of many a post and I am sure many a calculation on your part. You knew going in that the market was indeed going to depreciate but I thought that your purchase was a long term decision… that you would be in the home come hell or high water for many years.
Honestly I am puzzled and became puzzled when you wrote that you are thinking about exit strategies if the sht hits the fan. If? If? You know it is not if but when.
Repeat this phrase 1000 times. A house is not an investment. You bought this home on the premise that it was NOT in investment but because you wanted to buy a home and live in a home. It seems that some of the parameters that you listed in order to justify your original purchase are not true anymore. However if you think that prices will not drop more, and not drop by alot more… and you are going to let that eat at you… then by all means you should sell now instead of wait for later.
