"Bought for 290K, borrows 270K. "Its lost money, id say about 40k"
Not good."
Hardly any thing to worry about!
""If house prices drops dramatically i wont be thinking about the money of lost on my house, ill be thinking about the bargain ill gain when i buy my next house"
Not sure that logic makes sense."
It makes perfect sense as one thing will be for sure in a couple of decades that house will be worth allot more and the shorter term back off in prices will allow a bargain to be picked up. Not hard to understand but it is a difficult concept for uber bears to comprehend.
