### Comment:
I agree with what you're saying, but the payments were never the problem for us.  The problem was when a huge slice of the neighborhood lost their jobs and then the area started getting hit with foreclosures and turning to shit.   We didn't want the house anymore but we were stuck with it.  We've since moved a few states away and it's just more or less like having herpes in our bank account now  haha.

### REPLY:
Yup I understand that. Most people buying a house are unwittingly using massive leverage on an asset that's really illiquid. Fine most of the time, but when the economy is taking a shit big enough to fuck the value of a house up that much, it's a rough spot to be in.

### END.