My dad and both neighbors walked after buying a “2nd homes” and then saying “bye bye” to their first in 1994. What happened to us in 1990’s is why I’m so much involved on the idea that homes DO lose value and not go up forever. It was a great decision imo. The credit is clean and saved a ton. Also the appreciation gains from this bubble is better because everyone’s new home was bigger, cheaper, and in a better location (now with clean credit). win win win.
