3 ms·
1) Generally rent is more expensive than owning the house of similar size (in SF and NYC it's probably not the case though). 2) Moving big family is stressful
by dennisgorelik 13y ago
1) Generally rent is more expensive than owning the house of similar size (in SF and NYC it's probably not the case though).
2) Moving big family is stressful and time consuming.
3) Generally it's better for your karma if you pay your debts.
If the situation is desperate then foreclosure could make sense. But healthy software developer in the US is hardly in desperate situation even if his startup just failed.