OWNERS...How long would you be willing to bleed?

If it's your primary residence you stay, bite the bullit and tell yourself.....some day.....you only walk if you have no choice. Lot's of folks bought within their means and now the only problem is that they overpaid. Such is life.

Silly question. What if your apartment is now worth $1.1, $1.2, or $1.3? Would you sell? Fact is, you sell the home you live in for other reasons than making a profit (or taking a loss). I know that is hard to understand, but people own as a lifestyle choice. The home you live in is not an investment. People that treated the home they live in as an investment are the reason we got in this mess in the first place.

some professions require a non distressed FICO, not everybody has the choice of walking away imho. they'll bleed till they cannot hold on (loss of job, divorce, death... disease..., relocation, you name it).

it all depends on how willing you are to destroy your credit for the next 7-10 years.

i would only consider this option at $700K or below only if i would not care about my credit.