[DionPlett]

I've been wondering about real estate values myself the last little while. When I bought my house in 2007 it had increased in value 150k from the time it was built in 2005. I'm wondering if I shouldn't sell it because I actually think that the value could drop by pretty close to that same 150k.
I also have more than 40k in consumer debt but I could sell my house and be debt free but you still have to live somewhere. It's a bit of a dilema right now for me but I think that once you get to a certain stage in your life, have a house and vehicle, you're going to have debt at some time.
The recession effected me quite a bit as far as my income goes. How common is it for people to sell out and become debt free and basically start over again.