‘We feel sick about it’: We're down $350k on our family home. Do we sell, or keep paying $950 a week to hold on?

A family is grappling with the tough decision of whether to sell their home, which has lost $350,000 in value since they bought it during the property market peak. They face a weekly mortgage payment of $950, making it hard to decide if it's better to let go or hold on. This situation highlights the broader challenges many face as they navigate declining property values, relocations for work or family reasons, and the emotional and financial toll of maintaining their home. Experts weigh in on the critical factors to consider, emphasizing the importance of personal circumstances and market trends in making such a significant choice.