Should I buy a 2nd home now, even though I'm upside down on my home now? wife would buy 2nd.With the market the way it is, I would really like to get in on buying a new home... I would rent the home I own now, but would have to pay a difference of about 1,000 to my mortgage. My home is under my name, but would buy 2nd home under wifes name. we both have income.August 08 2009 - Fontana00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.