Maybe I’m a completely absolute, 100% moron who sees the world only in black and white, but let me get this straight...
So Phil bought the house at $260k and Redfin.com has it estimated at ~$382k. My understanding is he owes about $100k on the kahndo, but it’s worth only $60k. So if Phil sold the house at that price, he could walk away with ~$120k that could then be used to pay off his kahndo. Then he would be free to sell the kahndo and walk away with $60k in his pocket. Plenty of money I’m sure to put a serious dent in his credit card debt and the like (I’ve no idea what he might owe on credit cards and loans, but it can’t be that rediculous, right?). He could get an apartment in Renton for about what he pays now. I found one that is a little more than half the size of the townhouse (980 sqft vs 1600 sqft) with one less bedroom for $1500+ per month. If he played his cards right, he could be nearly debt free in a year and could be well on his way in buying another home in a few years (assuming his credit is still good). He could basically coast on what he’s getting now from Twitch, YouTube, etc. until that true and authentic Italian sauce stops his ticker.
But Phil’s pride is getting in the way, because selling his big, adult house means he “lost”. It’s amazing to me that someone with so little dignity could have so much pride.