We were thinking about refinancing our home and so I looked into home values in our neighborhood. I know things are bad, but seeing the actual numbers shocked me.
I know that we bought high -- May of 2005-- at the very tippy top of the market -- we put 25% as a downpayment.
We've been so careful with our money and saved up for years. Now that is gone.
At least we are not "upside down" at this point... and we have no plans to sell right now, so I guess we can ride it out... still it is really depressing. I'm sad for those who are losing homes to foreclosure. At least we can afford to stay here as long as it takes to make some of our money back.
Have you looked at home prices in your area?
Is it bad?
Asked by Anonymous at 2:59 PM on Oct. 15, 2009 in Home & Garden
Answer by ANGIE409 at 3:08 PM on Oct. 15, 2009
Answer by rkoloms at 3:11 PM on Oct. 15, 2009
Answer by Anonymous at 4:15 PM on Oct. 15, 2009
Answer by vicesix at 7:51 AM on Oct. 16, 2009
Answer by slw123 at 7:27 PM on Oct. 16, 2009
Answer by JulieJacobKyle at 11:25 AM on Oct. 17, 2009
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