A house 2 doors down from us, with the same floor plan, was just listed for $335,000.
That is a full $200,000 less than what we paid for ours 3 years ago. And the house is not completely trashed. It needs less than $1000 worth of repairs.
Someone is going to get a fantastic deal. But we're just a wee bit screwed on the home equity.
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That just means you can't "afford" to sell your house for a while-- which is good for those of us who live with you here in So. Cal. :)
Yep, we're all in this boat right now. It's just Heavenly Father's way of saying, "Please, stay a while."
If you're not moving any time soon, take heart. I keep telling my wife, it doesn't matter if our retirement account values decreased by 20% this year--we're not retiring any time soon! Maybe in a few years, we'll have a boom bigger than the dot com boom and your house will be worth a billion dollars!
It's true. My biggest issue is that I haven't lived anywhere longer than 3 years since I was 17. I'm getting all antsy to see somewhere else and feeling trapped. :)
Don't worry the market isn't any better here in Las Vegas. When we first moved here the first year our house earned 100,000.00. The housing has dropped and I can buy a bigger house for what I paid for mine house almost 5 years ago. We will stay put for a while.
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