have a look at this YouTube video. It’s a conversation, so you have to have your sound on.

Many homeowners and real estate investors missed the top of the market. Some, like me, did so because they wanted to stay in the homes they were living in. Others thought things would turn around soon.  Well, I bought in 2002, and my home is now worth slightly less than I paid.  In addition, it’s a bit overencumbered. But we love living there, so we’ll stay as long as possible.  In hindsight, I should have gotten a “reverse mortgage” when my value was “up there,” but like many of you, I just didn’t foresee a long-term loss of this magnitude.  It’s probably the case that this whole financial mess was manufactured, and of course, some people should “hang” for it, since so many trillions of dollars in equity were destroyed, so many jobs were lost, and so many homeowners are in the process of losing their home.  However, that doesn’t tell ME what to do.  I need to do what fits my own financial circumstances NOW, and deal with reality, not fantasy.