Especially about the kid. Sometimes I think that people make too much on the effect of foreclosure on kids.
Remembering back in my childhood, I did not care at all whether we rented or bought or whatever. As long as I had a place to lay my head, store my clothes and play with my toys I was happy.
My parents seemed very happy (and stressed!) when we bought our first home when I was 10, but to me it was just another home. We could have rented for all I cared.
