12-02-2009, 03:13 AM
No, no and no.
Road to Hell being paved with good intentions and all that.
If A is underwater, and there is no foreseeable hope of A hitting the lottery any time soon, A should play "Jingle Mail" and walk away.
If A has an equity cushion -- a rather LARGE equity cushion, A should sell ASAP, rent with the proceeds, and buy back the property for cash in a few years.
Forget anything you think you know about real estate, and ignore anything a Realtard® may tell you -- we are in uncharted territory right now. (The territory's been charted before, but not in our lifetimes.)
†The standard disclaimers regarding taking financial advice from random strangers on The Internets apply.
Road to Hell being paved with good intentions and all that.
If A is underwater, and there is no foreseeable hope of A hitting the lottery any time soon, A should play "Jingle Mail" and walk away.
If A has an equity cushion -- a rather LARGE equity cushion, A should sell ASAP, rent with the proceeds, and buy back the property for cash in a few years.
Forget anything you think you know about real estate, and ignore anything a Realtard® may tell you -- we are in uncharted territory right now. (The territory's been charted before, but not in our lifetimes.)
†The standard disclaimers regarding taking financial advice from random strangers on The Internets apply.