Prices haven’t gone down that much around here. Fantasy reigns in some people’s view of the world.
My assessment dropped 20K this year, 13K last year. I am officially underwater with my mortgage, and starting to worry. I can now easily cut my housing costs in half by renting and walking away. How long until I do that? I would think that another year will push me out of my home if the economy does not bounce back. It will soon be a choice of paying my debt or eating financial crow and hoping to live another day. Lost 50K in gross income last year, and am on track to beat that this year.