[avacado]

"No doubt your $300K home is more likely saleable at about $89,000 on the current model, and if everybody else in your neighborhood gets tossed on the street through foreclosure, it'll be worth about $45,000. You'll walk away from your mortgage. "

Nope! I am in Houston, Texas and the economy is growing. My house just keeps going up in appreciation value and there has been no spike in foreclosures in my area or much of Houston for that matter.

But thanks for your negativity without knowing the facts.

[muawiyah]

No doubt you are benefiting from the recent housing shortage in the Houston/Galvaston area.