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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (303949)	1/30/2011 6:20:49 AM
From: roguedolphin	Read Replies (1) \| Respond to of 306849

<<"we own our house free and clear and i fully expect is nominal value to drop below where we bought in 1998 - when employment was better, when incomes were higher, when there was more optimism and when the credit bubble hadn't already begun its collapse.">> Great post. My home is already worth less than the fabulous deal I got in 2001 (bought foreclosed REO from bank at 40% less than the current market value back then). Zillow says my home right now is worth about 45% of it's peak price of 4 or 5 years ago. Sorry to say I don't think the carnage is over yet by any means.