[quote=irondoc] …So yes, I cheer when prices rise, even though I hope to never act upon that increase in value.[/quote]
I concur with CAR, and hope your wife gets a job soon.
But I am a little puzzled about why you would have to sell. If your house payments did not exceed 28% of household income, the old standard for maximum payments, then it’s hard to see why losing your wife’s income would force you into selling.
Now, it wouldn’t surprise me if you, like many people, stretched to more than 28%, but that just goes to show how weak the loan underwriting standards have become. Our government is inviting us (as buyers or taxpayers backstopping the loans) to take on way too much risk, and the only reason is to keep home prices high.
