1) Condos in the UTC area are all pretty much the same so you could rent and your lifestyle would not change much.
2) By selling you would insulate yourself from the downturn and you buy a similar unit when prices crash.
3) Your mortgage being about the same as rent, you’re not “saving” any money by owning rather than renting, while still maintaining your lifestyle. I would keep only if the mortgage was 1/2 of the rent. Say that the condo drops another $100k, you will loose that money without “saving” anything from owning.
For example if your mortgage is $1k (interest, property tax, HOA) but comparable rent is $2k, then, in my mind, you’re saving $1k each monthly when you own. Every year, you could have a 12k yearly loss in equity and still be “even.” That’s only if you take lifestyle into consideration, otherwise any reduction in wealth is a net loss.
