On Mon, 3 May 2021 10:08:34 -0400, Bill wrote:

On 5/3/2021 9:34 AM, Ed Pawlowski wrote:

Exactly.* A scenario like:* I paid 500k for this house, owe 400k and the
highest offer is 300k.

On the positive side, if that's true, then you would probably be able to
get your "next" house for 300k. So, you only get soaked once.

Only if you can get out of the first one.

That happened to me in 2012/13. We lost $40K on a house we'd just
bought three years before (2009). SWMBO was really worried about it
until I told her we'd make a lot more than that back on this house
(bought in 2012).