Just to clarify my figures of house prises doubling every 10 years was based on England and Sweden. America I suspect is similar. Learn from the crash in the 80s.
A-STICK IT OUT.
B-Get on top of the loan.
C.-the equity is your kids future.
D-Plann to pay off the mortgage(Loan) A.S.A.P- (When the debts paid its your home)
E-FIVE YEARS FROM NOW THEIR IS KNOW NEGATIVE EQUITY.
I think it is wise to buy a property in an exspensive area. Buy as YOUNG as possible. If you pay a loan off on a property(Or have equity) in New York or London. you are made for life. Can live anywhere.
OWNING PROPERTY IS THE SAFEST FORM OF INVESTMENT IN THE WORLD. Dont give up and go to rental- long time you loose BIG-
Acolytes