Right, it's a massive assumption, although luckily one I believe to be true in my particular case. As far as mobility goes though, I figure networking / "who y

Right, it's a massive assumption, although luckily one I believe to be true in my particular case. As far as mobility goes though, I figure networking / "who you know" is always the easiest way to get a job - during or outside of recession. Point being, I don't think for most established folks it's worth relocating geographically, so we're talking about moving to somewhere nearby, at a cheaper monthly cost... Which is significantly harder if you owe more on your mortgage than your house is now worth, I guess. Moral of the story for me here seems to be "don't buy a house that you can only barely afford", instead of "never buy a house". I'm happy living in a house at half the monthly rate I can afford, at the cost of not living in a mansion during the good times.