Quote:
Originally Posted by firebug
When i built a home, I had to put 10% down, but if the market had gone down 15 - 20% i would've seriously considered walking away.
|
That doesn't make much sense if you actually planned on living there, but may make sense if you were flipping.
It would also depend on one's long term outlook and how much you could rent it for. If one thought that the long term outlook was still strong and it was only a few hundred a month, paying out of pocket might still be a better play than walking away from $30,000.