So in 2003, House 1 rent pays mortgage on condo,and rent from condo pays mortgage on principal residence. All of a sudden I control 3-300k properties, and have no payment now i am underwater on 2 of 3.
As long as you can live rent-free and fee-free, who cares if they’re underwater? You’re in a better situation than 90% of Americans.
And I’m sure that the printing of Bernanke Bucks will cause them to NOT be underwater in the next decade or so.
