It becomes a vicious cycle.In math, NODs, foreclosure and the collapse of a real estate market follows a NON LINEAR DYNAMIC.

I guess wishful thinking was stated above :)We are qualified for a house in our desired neighborhood so that's not the bottleneck for us.My concerns with renting our home are:-Losing out on the equity if there's another collapse especially since it's not in the nicer neighborhood which is more likely retain its value.  

(I also threw a bunch of money into the stock market as it collapsed)5 years after bouncing off the bottom my balance sheet is phenomenal after that once in a lifetime opportunity. 

I also run my numbers for 20% rent collapse just in case a market sour.

Take credit away and values collapse.

Will you be able to push through when the world feel like it is collapsing on you?

If you have to sock up your money until after the next collapse.

I believe the oil collapse is hitting Houston too hard and this will get even harder.

We sold our Hillsborough River property after the value came back to above the 2008 Economic Collapse property values and the Government started to explode the cost of Flood Insurance, without any solution to that mess.

Since I didn't sleep much at all last night with this on muy mind, I think after a good night's collapse tonight I'll feel better tomorrow.