I have a 30 year fixed at 5.1%, I have lived in my house for 7 years and have lost everything I put into it. I am ~50k underwater.
If I loose my job, I will immediately stop paying; my mortgage payment (PITI) is around $1600 so that’s not to far above rent costs.
Still, I find myself thinking about walking nearly everyday. All we are doing is renting the house from the bank, and so I think we might as well get the heck out of Temecula which is turning ‘bad’ IMO, loose the commute and move to San Diego where I work.
