[johnsjmc]

Sell it for whatever you can get. If you are selling $100k off so are others. Then buy again with your $80 down instead of $180 down. You end up with approx same mortgage +- and a similar house ,where you want to be. Prices are down all over . The sand states are down more than NJ so you might come out with a nicer house. I personally wouldn,t buy as expensive a house.I would feel better having about the same percentage equity as you had before. Like trading a car. It matters less what the new car costs it,s the delta that,s important. Rent if your new job is at all unreliable.