Upside Down on Your First House? Just Buy a Second One!

Oddly, the best way to deal with being upside down on your home mortgage may be to just go out and buy a second house.

As housing values spiral down and people increasingly owe more on their loans than their homes are worth, many start to look longingly at a different house -- perhaps something smaller and cheaper and that better reflects their new financial reality.

But can you even consider buying another house while you need a snorkel on the first one? Surprisingly, the answer is a strong "probably."