Sure, except a) If you are 20% down, you still lost 20% + whatever money you put into it. On a million dollar house this is 200k of wealth evaporated. b) Havi

Sure, except a) If you are 20% down, you still lost 20% + whatever money you put into it. On a million dollar house this is 200k of wealth evaporated. b) Having no credit for 7 years can be life changing. Not that great to live this life in the US.