Quote:
Originally Posted by the
Only buy something like that $389K house if it won't bother you when it goes down to $275K.
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Well, that's the whole point. It needs to go down to $275k to make the mortgage payment in line with the rental market conditions. My wife and I hate the idea of paying rent vs. a mortgage. But with this kind of disparity, it's not even a contest. Besides, I have my tax and equity vehicle with my condo in VA, which I am keeping for a while.