Sorry 23109VC, but it is sometimes necessary to take that route with some of the posters that mysteriously show up here spouting nonsense like Shari the Realtor. In your situation, if you are really thinking long term and can afford the payments, then you are correct that 50K decline is not enough to take chances with bailing on the house. I wouldn’t if I were you. However, I also wouldn’t have bought when you did either and I could have if I had wanted to.
You asked a provocative question and ignited an interesting thread.
