If you cannot “afford” another loss then repurchasing is not a great idea. You have a few options… stick it out… sell at a loss and rent…. sell at a loss and rebuy… or maybe just walk away from your mortgage and rent…
It is a tough dilema… Right now times are better then 2007 but to think there will not be rough times ahead is a fallacy. It may not be for awhile but they will come.
