8. "Any advice if you're underwater in your home?" In response to In response to 4
Eight years ago at 26, I bought right in the bubble and don't think I'll ever recover the negative equity. I could rent, but would still be coming out of a pocket a couple hundred monthly due to the rental market in the neighborhood + HOA fees, can't refinance, and a short sale has too many negative effects. The house as savings or equity building vehicle really hasn't worked out for me, so it's fucking up my long term investment outlook.