“Every person who sells now trades in potential bankruptcy for financial security”
Uh, not exactly.
I bought my house 3 years ago. I have a 30 year fixed loan and can afford the payments. What happens if I follow your advice and cash out and prices never fall below what I paid for my house (comps in my area are still about 30% over what I paid)?
Then, I’d have to rebuy at higher cost and a higher interest rate.
Your approach has an enormous amount of risk as well–you just choose not to acknowledge it.
