[woofyman]

> I walk away from that house

The bank sues you for the 100k unless you live in a non recourse state. In that case, the feds consider that forgiven 100k income and you’ll owe taxes.

>In no scenario have I lost $200k

The median US house price is 200k not 100k.

[AnimalMuppet]

> > I walk away from that house

> The bank sues you for the 100k unless you live in a non recourse state. In that case, the feds consider that forgiven 100k income and you’ll owe taxes.

My scenario assumed you still owed the $100k. If you live in a non-recourse state and just walk away, you're probably not going to be able to get a new mortgage.

> > In no scenario have I lost $200k

> The median US house price is 200k not 100k.

gascan's example was with $100k houses.

[SamReidHughes]

In one case you've spent $100K and have a house and in the other, you've spent $200K and have a house. That represents a difference of $100K.