PC, I doubt it. If you have a pre-2001 purchase, transaction and opportunity costs are high. As you point out, many in that boat are cheaper than renting.
The other side is to cash out and invest, deal with renting, and hope the deflation that we’re predicting infects the housing market doesn’t infect other investments where you could easily watch your equity vaporize anyway. Or worse, you lock it in safe CDs because of deflationary concerns and housing slow lands with the markets performing to historical averages.
There’s a whole bunch of ways to be wrong. In the end, being 15 years into a 30 year fixed loan on a house that was originally purchased for what the future bottom is likely to be close to, probaby isn’t going to be a bad place to be.
