With taxes, mortgage, and maintenance, I was paying about $1k/mo more than I would have paid for comparable rent. We stayed, watching our house fall in value f

With taxes, mortgage, and maintenance, I was paying about $1k/mo more than I would have paid for comparable rent. We stayed, watching our house fall in value for over 3 years. Housing is housing, but it's also an investment, and paying $12k extra every year on an asset that would take decades to break even isn't smart. We took the option that was available to us. FWIW, the credit impact wasn't bad, because so many people defaulted on loans in that period so there was a lot of grace given. That being said, I don't expect 2022-23 to be like 2008-10 for housing.