This is one of those idiotic stories that makes it sound like people haven’t made money on their real estate purchases. I bought my house in 2000 and while my value peaked in late 2005, true it has fallen, but still far ahead of what I purchased for in 2000.
It’s all relative to the timing.
That is correct. Housing was overpriced before and the market is making its natural correction.
>> This is one of those idiotic stories that makes it sound like people haven’t made money on their real estate purchases.
Its also dumb because it says people “say the value has fallen” ... it doesn’t say the value has ACTUALLY fallen. Its another public opinion survey about a factual issue ... and is mostly a demonstration of the apocalyptic media coverage surrounding home values, rather than the actual value of homes.
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The exact same scenario as me. The market has cooled and demand is down. That said, I’m still in really great shape, equity-wise. If housing prices around here drop 30%, then I’ll be concerned.
Boo-hoo. The value has fallen out of the stratosphere.
Exactly, my situation mirrors yours, except I didn’t see a drop off at all. Its still going up from everything I’m seeing and hearing here in Southern Ohio.