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[quote=Anonymous]my income, due to the recession, is down to about $150K a year.  my wife has her own small business so I'm not really sure what she makes, but enough to pay her bills.  Maybe $75K or so.   The mtg payment is nearly $5K/month.   I pay all of the household bills and mtg out of my income.  Out of my wife's salary, she pays for her own car insurance, the daycare, and we sort of take turns paying for groceries.  until my income goes up our savings will be limited unfortunately, but we do have two rental properties which hopefully will appreciate again someday (or at least continue to have their mortgages paid down).  So it is a tough situation regarding keeping the house or not.  If I thought my income would never go up again then I'd consider selling, but (i) I'm reasonably somewhat confident it will go back up, (ii) this is a bad time to sell and (iii) why pay $60K in commissions and closing costs when hopefully this is a temporary situation?   Hopefully a few years of inflation and some income improvement will solve the problem, and the downside will be a year or two of less than ideal savings.[/quote]

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