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.
I’m sorry to hear that. Having to sell merchandise @ 80% off gives me a little taste of the frustration you must be experiencing, since a business is certainly not one’s home. I pray everything improves for you.
Life is risky; sometimes that’s good and sometimes, not so much.