“We could sell and walk away with 400K. But where do we live? With two small boys and two government jobs, we want to stay in BC.”

This from trapped at greaterfool.ca 6 Feb 2010 1:15 am – “My husband and I have worked hard to pay off our mortgage. We could sell and walk away with 400K. But where do we live? With two small boys and two government jobs, we want to stay in BC. Rent is significantly more than our mortgage. How long until housing prices in Vancouver come down to realistic prices? We can absorb interest rate and tax increases in our current situation. Is it better to stay put with minimal debt, or sell and watch our profits go in to rent?”