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A comment on Is it better to buy or rent?. Parent comment
If you make the minimum down payment, and the value of the house drops, you're still on the hook for the full value at the time you took out the loan.
Once you've secured your mortgage, your payment plan (and therefore debt) has nothing to do with the value of the house.
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If you make the minimum down payment, and the value of the house drops, you're still on the hook for the full value at the time you took out the loan.
Once you've secured your mortgage, your payment plan (and therefore debt) has nothing to do with the value of the house.