Quote:
Originally Posted by Aurel
Exactly, so we may as well sell now if we can. I owe about $310k on it.
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From your asking price I assume you can sell it for well over $310K so you're way better off than much of America. Either take your lumps now and walk away with less than you put down (but still a good chunk of money) or rent it and deal with that.
There is no shame in renting, and you got unlucky with your timing on buying. Thankfully when I got bought out of the house I spent the money on my track car and rented an apartment instead of sinking that money into a house. So in retrospect, my "irresponsible" behavior saved me money. When it came time to move I gave my 30 days notice and then moved.
If your work situation is in flux, and especially given this market, I wouldn't be buying anything, but ymmv.