[Skywalk]

Yep you own your house all right, just got laid off, your house's value went up and BAM your property taxes went up but instead of having a substantial cash or liquid reserve, ya gots zilch.

And you're worse off than if you took the longer "Oh no I'm a debt serf" approach.

[Texas Eagle]

Yep you own your house all right, just got laid off, your house's value went up and BAM your property taxes went up but instead of having a substantial cash or liquid reserve, ya gots zilch. I never said I was putting 100% of my income into my house payment. I simply said I was making the 15 year payments on a 30 year mortgage.