We moved to florida from western NC and bought a house while still trying to sell our old house in NC...Well, it isnt selling.We have been paying both mortgages for several months now, and are bleeding money every month.It is too expensive, we cannot afford to continue doing this.So, we are entertaining lease options.We got an offer of 900 month rent, with 3500 down on 18month term.Our mortgage is 1600 a month as we paid 240K for the house only a couple of years ago.So this will not nearly cover our monthly expenses.

So my options are to continue paying 1200 for 5 years then move and rent it pocketing 1200 or more for as long as I want.

It is ridiculous and in my opinion, unconstitutional.Try this Roy: Keep your tenants in place and continue to make all of your mortgage payments.

I view the bailout passing as a little extra padding - a little more time - to prepare for the worst, while continuing to follow the advice of people who have exactly what I want, to hope for the best.

I can no longer continue to pay on the property out of pocket.

Continued declines seem far more likely.

Prices will continue to fall.Its intended to help the credit market.

Maybe we need to change the voting system so that voting becomes a 'privilege' and not a 'right' -- something that is earned.As long as politicians can earn votes by promising 'something' for 'nothing' they will continue to pander to the great number of people that want something for nothing.

Except things have continued to slide.

I just moved to Vegas not long ago, and hear that the housing market is continuing to decrease.