[familyop]

"Now, this property was up 145%. Did I lose $345,000? I think not."

No, you didn't lose anything. It's a nice place in a good area. They've been over-assessing properties in my neighborhood, too, and are wringing their hands about likely devaluations to come. Most real estate here will be very low in value (very remote, bad roads, extreme weather, etc.), and that's fine with me (more peace and quiet).

[bruinbirdman]

Like a share of stock. No one makes or loses anything until they sell.

yitbos