[rattlsnak]

Housing prices are about where they should be. They may go down a little more, but they certainly wont be in the bubble range they were a few years ago for quite some time. I do feel sorry for the innocent buyer who happened to buy during that time but not for the house flippers. My parents are in a similiar situation. One way to look at it is, yes sell the house and take the loss, but the house your buying should be priced "low" also. If you wait to sell on the rebound, then your new house will be higher also. Pay me now, or pay me later. Either way, you lose.